Rupee rises 16 paise to close at 96.72 against U.S. dollar
The Indian rupee strengthened by 16 paise to close at 96.72 against the U.S. dollar on October 9, 2026. The gain was driven by easing crude oil prices and positive market sentiment following U.S. President Trump's comments regarding Iran.
Why it matters
Currency fluctuations impact India's import costs and inflation, making this a key indicator for the domestic economy's stability.
The rupee appreciated 16 paise to close at 96.72 (provisional) against the U.S. dollar on Friday (October 9, 2026), in tandem with its broader Asian peers, supported by a slight softening in the U.S. dollar and crude oil prices.
Forex traders said the greenback weakened and crude oil prices eased following remarks by U.S. President Donald Trump that the U.S. would refrain from military action against Iran ahead of the November midterm elections.
Moreover, likely intervention from the central bank offered a crucial cushion to the domestic unit.
At the interbank foreign exchange market, the rupee opened at 96.74 against the U.S. dollar; in intraday trade, the rupee touched a high of 96.51 and a low of 96.77 against the greenback.
At the end of the trading session on Friday (October 9, 2026), the rupee closed at 96.72 (provisional), higher by 16 paise over its previous close.
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