Rupee rises 13 paise to close at 95.81 against U.S. dollar

Forex traders said easing U.S. Treasury yields from multi-decade highs also supported the rupee. File | Photo Credit: Getty Images/iStockphoto The rupee appreciated 13 paise to close at ₹95.81 (provisional) against the U.S. dollar on Wednesday (September 30, 2026), as crude oil prices retreated from elevated levels, tracking an overnight decline in the U.S. Dollar index.Forex traders said easing U.S. Treasury yields from multi-decade highs also supported the rupee. However, weak domestic markets capped sharp gains for the domestic unit.At the interbank foreign exchange market, the rupee opened at 95.87, then lost ground and touched an intraday low of 95.98 against the American currency. At the end of Wednesday's trading session, the domestic unit was quoted at ₹95.81 (provisional) against the greenback, higher by 13 paise over its previous close.On Tuesday (September 29, 2026), the rupee settled marginally higher at 95.94, just a tad over the psychologically important 96-per-dollar level."We expect the rupee to trade with a negative bias on uncertainty over the U.S.-Iran deal and risk aversion in global markets. Concerns over a strong Dollar and elevated U.S. Treasury yields may also pressure the rupee," said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan.Mr. Choudhary further said that "hopes that U.S. and Iran officials are expected to talk through mediators may support the rupee at lower levels. Traders may take cues from ADP non-farm employment, core PCE price index and final GDP data from the U.S."Meanwhile, the Dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.23, lower by 0.14%.Brent crude, the global oil benchmark, was trading higher by 0.58% at $103.18 a barrel in futures trade.According to traders, the rupee is trading in a narrow range as dollar sales by State-run banks on behalf of the Reserve Bank of India (RBI), in both spot and forward markets, are keeping the USD/INR pair under the 96.00 level.Foreign portfolio outflows of about $2.2 billion this month, and firm U.S. yields, are also keeping the pressure on the USD/INR pair.On the domestic equity market front, the Sensex dipped 48.78 points to settle at 72,480.29, while the Nifty was down 95.75 points at 22,620.45.Foreign Institutional Investors (FIIs) offloaded equities worth ₹9,980.22 crore on a net basis on Tuesday (September 29, 2026), according to exchange data. Published - September 30, 2026 04:28 pm IST