Business · Markets · 1 hr ago
Rupee rises for fourth straight day, closes at 95.15 per dollar
The Indian rupee rose for a fourth straight day and closed at 95.15 against the US dollar.
It had ended the previous day at 95.28, so it strengthened against the dollar.
The rupee briefly reached a one-month high of 94.77 in early trading.
The gains followed central bank measures to support the rupee, which made over-hedging more expensive and curbed speculative bets against the currency.
The rupee had gained about 1.7% over the previous three days.
Strong demand for dollars from importers limited the day's gains, though the currency's rise gave companies buying dollars an opportunity.
No further measures or next steps were specified.
The rupee rose for a fourth straight day and closed at 95.15 against the US dollar on Wednesday.
It reached an intra-day peak of 94.77 in early trade, its highest level in more than a month.
The currency ended at 95.28 on Tuesday.
Central bank measures and the unwinding of long dollar positions supported the rupee, while strong importer demand for dollars limited its daily gains.
- Who
- The Indian rupee.
- What
- It rose for a fourth straight day, closing at 95.15 against the US dollar.
- When
- Wednesday; the article was published on October 15, 2026.
- Where
- India’s currency market.
- Why
- Central bank measures and the unwinding of long dollar positions supported the rupee. Strong dollar demand from importers capped its daily gains.
This story does not have two clearly opposing sides.
The rupee gained about 1.7% after the Reserve Bank of India made over-hedging more expensive, curbing speculative bets on further depreciation.
The rupee ended at 95.28 against the US dollar.
The rupee reached an intra-day peak of 94.77.
The rupee closed at 95.15 against the US dollar, rising for a fourth straight day.
- Wednesday’s close
- 95.15 per US dollar
- Intra-day peak
- 94.77 per US dollar
- Previous close
- 95.28 on Tuesday
- Recent gain
- About 1.7% over three days
- Supportive factor
- Central bank measures to shore up the rupee
What people are saying
The Indian rupee continued its upward trajectory, bolstered by central bank market intervention and the unwinding of long dollar positions
The rupee appreciation offers companies buying opportunities