{
  "id": 11116736,
  "title": "Rupee Slips 3 Paise To 95.97 Against US Dollar, RBI Dollar Sales Help Defend The 96 Level",
  "url": "https://urgent.news/2026/10/01/rupee-slips-3-paise-to-95-97-against-us-dollar-rbi-dollar-sales-help",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T04:50:13.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/rupee-slips-3-paise-to-9597-against-us-dollar-rbi-dollar-sales-help-defend-the-96-level"
  },
  "original_language": "en",
  "account": "The Indian rupee slipped 3 paise to 95.97 against the US dollar on Thursday, October 1, as dollar purchases by state-run oil companies continued to weigh on the currency. The rupee began trading at 95.95, before falling to 95.97. It had finished flat at 95.94 on Wednesday, after losing earlier gains. The currency fluctuated within a narrow range, with foreign portfolio outflows and strong US bond yields contributing to the downward pressure. The Reserve Bank of India's dollar sales, facilitated through state-run banks in spot and forward markets, helped curb the rupee's decline and kept it below the critical 96.00 level. Anil Kumar Bhansali, head of treasury at Finrex Treasury Advisors, attributed this to the RBI's intervention as the key factor preventing the rupee from dropping below 96.00. The dollar index, which gauges the US currency against six major peers, rose 0.09% to 101.54, nearing a two-month peak near 101.5. It had surged nearly 2% in September and was edging closer to its 52-week high of 101.8. A stronger dollar posed challenges for gold, silver, and emerging market currencies, including the Indian rupee. Commercial LPG cylinder prices increased by up to ₹62.50 from October 1, while domestic cooking gas rates remained unchanged. Meanwhile, Brent crude futures slipped 1.18% to $96.87 a barrel, while domestic equity indices slipped as well. The Sensex lost 215 points to 72,257.30, and the Nifty dropped 107.25 points to 22,518.90. Foreign institutional investors netted equities worth ₹10,148.41 crore on Wednesday, according to exchange data. The early rupee movement reflected ongoing dollar demand and overseas selling, with RBI intervention helping to limit further losses around the 96.00 mark.",
  "summary": "Mumbai: The Indian rupee weakened by 3 paise to 95.97 against the US dollar in early trading on Thursday, October 1, as dollar demand from state-run oil companies kept the currency under pressure. At the interbank foreign exchange market, the rupee opened at 95.95 before slipping to 95.97. It had settled unchanged at 95.94 on Wednesday after surrendering earlier gains. The currency traded within…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}