Rupee rises 44 paise to 94.92 against U.S. dollar in early trade
The rupee gained for a fourth straight session, helped by RBI measures to curb speculative trading, as Finance Minister Nirmala Sitharaman said the currency had depreciated “significantly” over the past 18 months
On Wednesday (October 14, 2026), the Indian rupee surged 44 paise to 94.92 against the U.S. dollar in early trade, according to the wire material. This rally was attributed to interventions by the Reserve Bank of India (RBI) aimed at reducing near-term dollar demand and mitigating speculative foreign exchange exposure. Forex traders noted that the USD/INR pair, which had gained nearly 2% over the previous three trading sessions, opened on a positive note on Wednesday, driven by the RBI's regulatory measures to curb volatility and speculative trading.
The rupee's move below the 95.00 threshold could potentially open opportunities towards 94.50, but external macroeconomic pressures might temper further gains, as per the traders.
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- Rupee rises 44 paise to 94.92 against US dollar in early trade thehindubusinessline.com
