Rupee rises 24 paise to 95.72 against U.S. dollar in early trade
The Indian rupee appreciated by 24 paise against the U.S. dollar, reaching 95.72, driven by positive domestic equity trends and lower crude oil prices. Despite this gain, analysts note that sustained importer demand and a strong dollar index continue to provide resistance.
Why it matters
Currency fluctuations impact inflation and the cost of imports for the Indian economy, making this a key indicator for investors.
The rupee gained 24 paise to 95.72 against U.S. dollar in early trade on Monday (September 21, 2026), supported by a slight moderation in crude oil prices and a positive trend in domestic equities.
Forex traders said initial gains in domestic equities and improved foreign fund sentiment boosted investor sentiment, but sustained importer demand for greenbacks from oil companies and broader strength in the U.S. dollar Index weighed on the local unit.
At the interbank foreign exchange market, the rupee opened at 95.86 against the U.S. dollar, then gained some ground to touch 95.72 against the American currency, registering a gain of 24 paise from its previous close.
On Friday (September 18), the rupee closed lower by 7 paise at 95.96 against the U.S. dollar.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in