{
  "id": 3670531,
  "title": "Rupee rises 4 paise to 95.40 against US dollar in early trade",
  "url": "https://urgent.news/2026/08/27/rupee-rises-4-paise-to-95-40-against-us-dollar-in-early-trade",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T04:44:12.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/forex/rupee-rises-4-paise-to-9540-against-us-dollar-in-early-trade/article71394996.ece"
  },
  "original_language": "en",
  "account": "The Indian rupee rebounded 4 paise to 95.40 against the US dollar in early trade on Thursday, buoyed by a decline in Brent crude prices. Brent oil fell below the $90 threshold for the first time in several days due to ongoing talks between Iran and Oman about a temporary shipping corridor through the Strait. While these negotiations have not yet resulted in a final agreement, the ongoing discussions have eased concerns about potential disruptions to global oil supplies, according to forex traders. The rupee opened the interbank foreign exchange market at 95.50 and then dropped to 95.52, a 8-paise decrease from the previous close. Throughout the day, the domestic unit managed to regain some ground, trading at 95.40 against the greenback. On Tuesday, the rupee had ended the day higher by 26 paise at 95.44 versus the US dollar. The Indian foreign exchange market was shut on Wednesday due to Id-e-Milad. Despite global attention remaining on oil and the dollar, India's forex market is witnessing its own significant shift. After selling dollars for two straight months to support the rupee, the Reserve Bank of India (RBI) became a net buyer in June, acquiring around $561 million, as per CR Forex Advisors MD Amit Pabari. This shift can be attributed to the RBI's special measures for Foreign Currency Non-Resident (FCNR(B)) deposits, Overseas Foreign Currency Borrowings (OFCB), and External Commercial Borrowings (ECB), which have collectively drawn nearly $73 billion in foreign exchange inflows as of August 21. The FCNR(B) window remains open until August 31, continuing to provide short-term support to the rupee. Analysts expect the 95.15–95.20 zone to act as a crucial support level for the USD/INR pair. However, the overall outlook remains bearish for the rupee, with the pair potentially moving towards the 96.20–96.50 range in the coming weeks, as Pabari added. Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, was trading at 99.14, down 0.04 percent. Brent crude, the global oil benchmark, dipped 0.41 percent to $87.48 per barrel in futures trade. On the domestic market, the Sensex fell 45.17 points to 77,422.70 in early trade, while the Nifty slipped 6.40 points to 24,202.45. Foreign institutional investors made a net purchase of equities worth ₹502.63 crore on Wednesday, according to exchange data.",
  "summary": "In the interbank forex market, the rupee opened at 95.50 but fell to 95.52 against the dollar, down 8 paise from the previous close",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Indian Rupee opens flat as stronger US Dollar offsets lower crude prices",
        "url": "https://urgent.news/2026/08/27/indian-rupee-opens-flat-as-stronger-us-dollar-offsets-lower-crude",
        "published": "2026-08-27T05:12:57.000Z"
      }
    ]
  },
  "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."
}