{
  "id": 9908502,
  "title": "Rupee recovers as large public sector banks sell US dollars",
  "url": "https://urgent.news/2026/09/26/rupee-recovers-as-large-public-sector-banks-sell-us-dollars",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-26T04:19:26.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/forex/forex-news/rupee-recovers-as-large-public-sector-banks-sell-us-dollars/articleshow/134497026.cms"
  },
  "original_language": "en",
  "account": "The Indian rupee recovered on Friday, gaining 15 paise to close at 95.81 against the US dollar, after falling from its intra-day low of 95.94 and previous close of 95.96. Large public sector banks reportedly sold dollars at the Reserve Bank of India's (RBI) prompting, helping the local currency rebound despite crude prices near $105 a barrel. The RBI was active in the market before it opened, pushing the rupee higher at 95.90 per dollar. The rupee sold at the RBI's dollar-rupee sell-buy swaps to soak up liquidity from the inter-bank system. Exporters dumped dollars as the one-year forward premium reached 3.5%, a level last seen in late May. RBI deputy governor Poonam Gupta suggested the rupee overcorrected, indicating appreciation. The rupee had weakened due to concerns over a possible bank strike and high dollar demand from importers. Global yield tightening, including rising US and German 10-year yields, added to the pressure.",
  "summary": "The Indian rupee appreciated by 15 paise, closing at 95.81 against the US dollar on Friday. This recovery was supported by actions from the Reserve Bank of India, which intervened in the currency market. The benchmark bond yield increased to 7.14%, the highest in four months, which influenced currency stability. Market analysts noted external financing requirements were putting pressure on the…",
  "key_points": [
    "Rupee gains 15 paise to close at 95.81 against US dollar",
    "Large public sector banks sold dollars at RBI's prompting",
    "RBI deputy governor suggests rupee overcorrected"
  ],
  "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."
}