Rupee Surges 96 Paise Against US Dollar, Here's What Triggered Its Biggest One-Day Rally In Six Months?
Mumbai: The Indian rupee strengthened sharply against the US dollar on Monday, October 12, 2026, closing at 95.77, up 96 paise from Friday's closing level of 96.73. The nearly 1 per cent appreciation marked the currency's biggest single-day gain in six months, largely supported by fresh measures announced by the Reserve Bank of India (RBI). Here are four key reasons behind the rupee's recovery:…
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