Rupee slips 4 paise to 96.39 against U.S. dollar in early trade
At the interbank foreign exchange, the rupee opened at 96.29 but fell to 96.39, down 4 paise from its previous close
The Indian rupee slipped 4 paise to 96.39 against the U.S. dollar in early trade on Tuesday, October 6, 2026, due to a rise in crude oil prices and sustained Foreign Institutional Investor (FII) outflows. Despite positive sentiment in domestic equity markets and a weaker dollar index, the local unit was unable to avoid further decline, according to forex traders.
The Reserve Bank of India (RBI) has been working to protect the rupee from its fall, but the demand for the dollar from FPIs and oil companies has not decreased as oil prices fell to $100.63 per barrel and the dollar index to 102.12.
Brief written by urgent.news from The Hindu's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Rupee slips 4 paise to 96.39 against US dollar in early trade thehindubusinessline.com
