Rupee rises 2 paise to close at 94.49 against U.S. dollar
The Indian rupee appreciated against the U.S. dollar for the sixth consecutive session, closing at 94.49. Gains were supported by strong foreign capital inflows and positive market sentiment, though geopolitical tensions remain a risk factor.
Why it matters
Currency fluctuations impact India's import costs and inflation, making this a key indicator for the nation's economic health.
The rupee settled for the day higher by 2 paise at 94.49 (provisional) against the U.S. dollar on Friday (September 4, 2026), supported by optimism over rising foreign inflows and a rise in risk appetite.
Forex traders said the rupee is set to strengthen due to robust foreign capital inflows and active RBI intervention.
However, rising crude oil prices and escalating U.S.-Iran geopolitical tensions may cap these upside gains.
At the interbank foreign exchange market, the rupee opened at 94.53 and touched an intra-day high of 94.46 and a low of 94.53 during the session.
At the end of Friday's trading session, the rupee was quoted at 94.48 (provisional), higher by 2 paise from its previous close.
On Thursday, the rupee extended its gaining momentum for the fifth straight session, appreciating 22 paise to close at 94.51 against the U.S. dollar.
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