{
  "id": 12788926,
  "title": "Rupee rises 10 paise against US dollar: What is supporting the currency?",
  "url": "https://urgent.news/2026/10/08/rupee-rises-10-paise-against-us-dollar-what-is-supporting-the-currency",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T04:26:57.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/rupee-rises-10-paise-against-us-dollar-what-is-supporting-the-currency/articleshow/134779681.cms"
  },
  "original_language": "en",
  "account": "The Indian rupee experienced a 10-paise rise against the US dollar on Thursday, trading at 96.65, as the Reserve Bank of India (RBI) may have intervened to support the currency. The currency had opened at 96.71 before climbing to 96.65. Earlier that day, it ended at 96.75 against the dollar.\n\nDespite the recovery, forex traders noted that the rupee remained vulnerable to a stronger US dollar, high crude oil prices, and ongoing foreign fund outflows. The US Dollar Index (DXY) was near multi-month highs, while Brent crude oil prices hovered around $102 per barrel. Additionally, India's forex reserves had declined by $50 billion in three weeks from their September peak of $786 billion.\n\nCorporate importers' demand for dollars, combined with safe-haven capital shifts, outpaced the RBI's hawkish policy stance, leading to USD/INR gains throughout the afternoon. RBI Governor assured that the central bank would help the rupee find its true value, with the currency currently perceived as undervalued.\n\nMarket participants are now awaiting RBI action to address speculation in the USD/INR pair. Forex traders expressed confidence that the RBI would assist in stabilizing the currency, which they consider undervalued. The dollar index stood at 102.25, up 0.01% against a basket of six currencies. Oil prices remained elevated, with Brent crude futures rising 2.17% to $102.37 per barrel due to persistent concerns over Middle East supply disruptions and shipping incidents.",
  "summary": "The rupee opened at 96.71 against the dollar but improved to 96.65 thanks to intervention from the Reserve Bank of India. External factors, like a robust US dollar and climbing crude oil prices, are still putting pressure on the currency. Additionally, India's forex reserves are diminishing, leading to unease about the rupee's consistency.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Rupee rises 10 paise to 96.65 against US dollar in early trade",
        "url": "https://urgent.news/2026/10/08/rupee-rises-10-paise-to-96-65-against-us-dollar-in-early-trade",
        "published": "2026-10-08T04:24:08.000Z"
      }
    ]
  },
  "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."
}