Archive · 3 Aug 2026
Rupee Rises 25 Paise to 95.14 as Oil Prices Drop
The Indian rupee, which is the money people use in India, went up a little on Monday, 3 August.
It was worth 95.14 dollars instead of a little more than 95 before.
The RBI, India's bank, sold a lot of dollars to help the rupee.
Oil prices also fell, so India doesn’t need as many dollars to buy oil.
Japan and the United States bought a lot of Japanese yen to keep its value steady, which helped the rupee too.
Experts think the rupee might stay around 95.20 to 95.40 for a while, but if Japan and the U.S. keep buying yen, it could make markets jumpy and affect other countries’ money too.
Indian rupee opened 25 paise stronger at 95.14 against the US dollar on 3 August.
RBI’s sustained dollar sales and falling crude oil prices boosted the rupee’s 1.2% weekly gain.
Japan and the US coordinated a yen‑buying intervention, lifting the yen and easing dollar pressure.
Analysts see 95.20‑95.40 as a support zone, with the rupee potentially moving back toward 96.00‑96.50.
Continued joint intervention could trigger volatility, higher Treasury yields, and pressure on emerging‑market currencies.
- Who
- Indian rupee, Reserve Bank of India, Japan's Finance Ministry, United States
- What
- Rupee strengthened to 95.14 per dollar, influenced by RBI sales and lower oil prices, amid Japan‑US yen intervention
- When
- Monday, 3 August 2024
- Where
- Indian currency market and global currency markets
- Why
- RBI dollar sales, falling crude oil prices, and coordinated yen‑buying to curb volatility
- Date
- 3 August 2024
- Rupee Rate
- 95.14 per US dollar
- Rupee Weekly Gain
- 1.2%
- Oil Price Impact
- Brent fell >4% to $84
- RBI Intervention
- Sustained dollar sales
- Japan-US Intervention
- $52‑59B yen buying
- Support Zone
- 95.20‑95.40