Rupee perks up 96 paise on RBI’s weekend measures
The last time the INR had a better opening than today’s was on February 3, 2026, when it opened 111 paise stronger at 90.40 per USD against previous close of 91.51
The Indian rupee showed a 96-paise gain on Friday, as measures announced by the Reserve Bank of India (RBI) on the weekend appeared to curb speculation and volatility in the foreign exchange market. The currency opened at 95.76 per US dollar, up from 96.73 on the previous close. However, it ended almost unchanged at 95.77, reversing two weeks of losses.
The last time the INR opened higher than today was on February 3, 2026, when it reached 111 paise stronger at 90.40 per USD against the previous close of 91.51. In October 2023, the RBI had introduced restrictions on forex derivatives contracts and a special window to meet the daily dollar requirement of three public sector oil marketing companies amidst evolving market conditions.
These measures aimed to be temporary to prevent the currency from breaching the 97-per-dollar level in the near term. Experts noted that the rupee's performance was influenced by speculative forces and a pullback in crude oil prices.
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