Rupee rises 1 paisa to 95.73 against U.S. dollar in early trade
The Indian rupee saw a marginal rise against the U.S. dollar, supported by RBI intervention despite global oil price pressures. Tensions in West Asia and fluctuating global markets continue to influence currency volatility.
Why it matters
Currency fluctuations impact inflation and import costs, making this a key indicator for the Indian economy's resilience.
The rupee rose marginally by 1 paisa to 95.73 on Wednesday (August 19, 2026) assisted by RBI intervention, as heightened tensions in West Asia kept global markets on the edge.
A rise in global crude oil prices added pressure to the local unit while a decline in the dollar index and FII inflows provided support, forex traders said.
At the interbank foreign exchange, the rupee opened at 95.72 before slipping to 95.73, up 1 paisa from its previous close.
The rupee depreciated 13 paise to close at 95.74 against the U.S. dollar on Tuesday (August 18).
"The rupee was very range-bound yesterday (Tuesday). With oil prices above $91, there were bids from oil companies... the key point is that the rupee is showing reasonable resilience despite the oil shock, largely because of suspected continued RBI intervention," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
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