{
  "id": 4633636,
  "title": "Rupee rises 26 paise to close at 95.17 against US dollar",
  "url": "https://urgent.news/2026/08/31/rupee-rises-26-paise-to-close-at-95-17-against-us-dollar",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T10:43:32.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/forex/rupee-rises-26-paise-to-close-at-9517-against-us-dollar/article71410410.ece"
  },
  "original_language": "en",
  "account": "The Indian rupee experienced a significant increase, rising by 26 paise to close at 95.17 against the US dollar on Monday. This gain occurred following potential intervention by the Reserve Bank of India (RBI), as rising crude oil prices and geopolitical tensions affected the local currency. Forex traders suggested that the RBI may have intervened to support the currency at lower levels after market participants increased the likelihood of a US Federal Reserve rate hike in September. This led to higher US Treasury yields and a broader dollar rally. The rupee opened the session at 95.56 and fluctuated between 95.11 and 95.56 during the trading day. Earlier in the week, the rupee had risen by 2 paise to 95.43 against the US dollar. Dilip Parmar, a Senior Research Analyst at HDFC Securities, credited the recovery to timely suspected intervention from the RBI, along with increased dollar flows due to the MSCI rebalancing and FCNR (B) schemes. The dollar index, which measures the greenback's strength against a basket of currencies, traded at 99.52, down 0.18%. Brent crude oil prices rose by 3.70% to $91.36 per barrel, influenced by a renewed Middle East supply-risk premium following the US strike on Iran's Larak Island. The RBI's special USD-INR forex swap facility, which supports FCNR(B) deposits, OFCB, and ECB, attracted $73 billion in foreign exchange inflows by August 21, 2026, driven by strong support from Non-Resident Indians (NRIs). The Indian stock market also reacted to the currency's performance, with the Sensex falling 307.24 points to 76,957.27 and the Nifty declining 95.25 points to 24,080.40. Foreign institutional investors sold equities worth ₹5,039.80 crore on a net basis on Friday. India's forex reserves reached a record high of $729.328 billion during the week ended August 21, according to the RBI. Additionally, the commerce ministry will hold a meeting with industry associations and export promotion council representatives on September 1 to discuss India-US trade performance, chaired by Additional Secretary Darpan Jain.",
  "summary": "At the interbank foreign exchange, the rupee opened at 95.56 and oscillated between 95.11 and 95.56 during the session",
  "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."
}