Archive · 25 Sep 2026
Rupee Weakens as Oil Surges and Dollar Strengthens
The Indian rupee lost value against the US dollar on Thursday.
It began the day at 95.84 rupees per dollar.
By the end of the day, it had weakened further to about 95.96.
Oil prices were still above USD 100 per barrel.
Expensive oil and a stronger US dollar made it harder for the rupee to improve.
Higher US bond yields also put pressure on the currency.
Indian shares fell, causing investors to become more cautious.
Foreign investors bought Indian shares, but that was not enough to stop the rupee from weakening.
The rupee opened 11 paise lower at 95.84 per US dollar on Thursday.
It later settled 23 paise lower at 95.96, provisionally, after touching 95.98 intraday.
Brent crude remained elevated at USD 102.08 per barrel despite falling 0.97% in the latest session.
A stronger dollar, higher US bond yields, geopolitical uncertainty and domestic equity selling pressured the rupee.
The Sensex fell 506.43 points while the Nifty declined 181 points, despite foreign investors buying equities worth Rs 1,617.45 crore.
- Who
- The Indian rupee, US dollar, market participants, foreign institutional investors and traders.
- What
- The rupee weakened from an opening level of 95.84 to a provisional close of 95.96 against the US dollar.
- When
- Thursday; the rupee had closed at 95.73 on Wednesday.
- Where
- The interbank foreign exchange market in Mumbai; related US-Iranian discussions took place in New York.
- Why
- Higher crude prices, a stronger US dollar, rising US bond yields, geopolitical uncertainty and domestic equity selling pressured the rupee.
- Opening rupee level
- 95.84 per US dollar, down 11 paise
- Closing rupee level
- 95.96 per US dollar, provisionally, down 23 paise
- Intraday low
- 95.98 per US dollar
- Brent crude
- USD 102.08 per barrel, despite falling 0.97%
- Dollar index
- 100.87, up 0.06%
- Equity markets
- Sensex down 506.43 points; Nifty down 181 points
- Foreign institutional investors
- Net equity purchases of Rs 1,617.45 crore on Wednesday
