Rupee jumps 82 paise to 94.96 against U.S. dollar in early trade
The Indian rupee appreciated significantly against the U.S. dollar following new RBI measures aimed at curbing speculative trading and reducing dollar demand. These interventions include tighter rules for forex derivatives and dedicated windows for oil companies.
Why it matters
Central bank interventions in currency markets are critical for maintaining economic stability and managing inflation in emerging markets.
The rupee appreciated 82 paise to 94.96 against U.S. dollar in early trade on Tuesday (October 13, 2026), supported by various RBI measures aimed at reducing immediate dollar demand and curbing excessive positions in the foreign exchange market.
Forex traders said measures including a dedicated dollar window for oil marketing companies through designated banks and higher costs for certain foreign exchange hedging transactions, are expected to reduce dollar demand in the spot market and curb speculative positions against the rupee.
At the interbank foreign exchange market, the rupee opened at 95.53, then gained ground to touch 94.96, registering a gain of 82 paise over its previous close.
On Monday (October 12, 2026), the rupee appreciated 93 paise, logging its steepest single-day gain in more than six months, to close at 95.78 against the U.S. dollar.
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