Rupee rises 16 paise to 95.73 against U.S. dollar in early trade
The Indian rupee appreciated by 16 paise against the U.S. dollar, reaching 95.73 in early trade on Friday. This recovery was driven by a rebound in domestic equity markets and a decline in global crude oil prices.
Why it matters
Currency fluctuations impact inflation, import costs, and foreign investment flows, making this a key indicator for the health of the Indian economy.
The rupee rebounded from over two-month low levels, gaining 16 paise to 95.73 against the U.S. dollar in early trade on Friday (September 18, 2026), buoyed by a buying trend in domestic equity markets and easing crude oil prices overseas.
Forex analysts said the retreat of crude prices below the 104-per-barrel level from a steep rise earlier this week eased pressure on the Indian currency, even as U.S. bond yields fell from record highs after the U.S. Federal Reserve hiked interest rates by 25 basis point.
At the interbank foreign exchange market, the rupee opened at 95.75 and gained slightly to trade at 95.73 against the greenback in early deals, up 16 paise from its previous close.
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