Rupee rises 14 paise to 95.85 against U.S. dollar in early trade

The rupee gained 14 paise 95.85 against the U.S. dollar in early trade on Friday (September 25, 2026) amid a positive trend in domestic equities and remained above the key psychological barrier of 96 per dollar.

Forex traders said persistent dollar demand from domestic importers in particular the oil companies, elevated crude oil prices, and broad-based strength in the U.S. dollar index following hawkish Federal Reserve rate signals weighing on the local unit.

However, the Reserve Bank of India is likely to intervene to smooth out volatility in the currency market, they said.

At the interbank foreign exchange market, the rupee opened at 95.92 against the American currency then gained some ground and touched 95.85, registering a gain of 14 paise from its previous closing level.

On Thursday (September 24, 2026), the rupee weakened by 26 paise to settle at 95.99 against the U.S. dollar.