Rupee rises 4 paise to 95.03 against U.S. dollar in early trade
At the interbank foreign exchange market, the rupee recorded marginal gains and touched 95.03, registering a rise of 4 paise over its previous close
The Indian rupee has risen 4 paise to 95.03 against the U.S. dollar in early trade on Wednesday (October 28, 2026), according to the interbank foreign exchange market. This marginal gain marked an increase of 4 paise from its previous close at 95.07. The rise was attributed to elevated crude oil prices and a strong dollar, as noted by Forex traders.
Analyst Anuj Choudhary from Mirae Asset Sharekhan expects the rupee to trade with a slight negative bias due to positive dollar movements and weak Asian currencies. He also mentioned that any intervention by the Reserve Bank of India (RBI) could potentially support the rupee at lower levels. Investors are closely monitoring the Federal Open Market Committee's decision, as Fed Chair Kevin Warsh's press conference may provide further guidance.
USD-INR spot price is projected to fluctuate within the range of 94.85 to 95.40. The dollar index, which measures the greenback's strength against a basket of currencies, stood at 102.37, up 0.06%. Meanwhile, Brent crude oil prices reached $115.44 per barrel, up 1.37% in futures trade. The domestic equity market saw the Sensex drop 601.14 points to 72,997.55 while Nifty fell 146 points to 22,604.80.
Foreign Institutional Investors (FIIs) made a net purchase of equities worth ₹4,240.39 crore in Tuesday's trading session.
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