Rupee rises 16 paise to 95.73 against U.S. dollar in early trade

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.