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Rupee gains 27 paise to close at 94.95 against US dollar
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....upee gains 27 paise to close at 94.95 against US dollar<BR>FEMA / RBI<BR>Dated:- 1-9-2026<BR>PTI<BR>Mumbai, Sep 1 (PTI) The rupee gained 27 paise to close at nearly a two-month high of 94.95 against the US dollar on Tuesday on robust domestic growth, controlled fiscal slippage and portfolio-related inflows. Forex traders said recent MSCI-linked inflows are offering temporary support to the rup....
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....ee. Moreover, the Reserve Bank of India (RBI) might have intervened to support the domestic currency, they said. At the interbank foreign exchange market, the rupee opened at 95.06 and touched an intraday high of 94.79 and a low of 95.10 during the session. At the end of Tuesday's trading session, the rupee was quoted at 94.95, higher by 27 paise from its previous close. On Monday,....
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.... the rupee settled 21 paise higher at 95.22 against the US dollar. "The Indian rupee gained on possible intervention by the RBI and upbeat macroeconomic data. However, weak domestic markets and a surge in crude oil prices capped sharp gains," said Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of ....
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....six currencies, was trading at 99.58, higher by 0.15 per cent. Brent crude, the global oil benchmark, was trading higher by 1.97 per cent at USD 92.27 per barrel in futures trade. "We expect the rupee to trade with a slight negative bias amid rising crude oil prices on the back of renewed geopolitical tensions between the US and Iran. Hawkish comments from Fed Chair Kevin Warsh may also pr....
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....essurise the rupee. "However, any de-escalation of tensions may support the rupee at lower levels. Traders may take cues from ISM manufacturing PMI and JOLTS job openings data from the US," Choudhary said, adding that the USD-INR spot price is expected to trade in a range of 94.65 to 95.25. On the domestic equities market front, Sensex dipped 12.99 points to settle at 76,944.28, while Nift....
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....y fell 24.60 points to 24,055.80. Foreign institutional investors purchased equities worth Rs 1,143.38 crore on a net basis on Tuesday, according to exchange data. FPIs invested around USD 3.1 billion in August, their strongest monthly inflow in 23 months and the second consecutive month of net buying. However, foreign investors remain net sellers of around USD 24.6 billion so far in 2....
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....026. The government data released on Tuesday showed gross GST collections rose 14.8 per cent year-on-year to about Rs 2 lakh crore in August, driven by domestic transactions as well as imports. The August GST collection figures, coming a day after the official data showed a 7.8 per cent growth in GDP during the June quarter of FY27, show that economic activity and consumption continued to ....
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....be strong in the second quarter as well despite the tariff headwinds and the West Asia crisis. The Reserve Bank's data released on Tuesday showed India's current account deficit widened to USD 4.2 billion, or 0.5 per cent of GDP, in the first quarter of the fiscal year from USD 3.4 billion a year ago, as the merchandise trade deficit rose sharply amid the West Asia conflict. The merchandis....
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....e trade deficit at USD 86.1 billion in the April-June period of 2026-27 was higher than USD 68.9 billion in the year-ago quarter. Passenger vehicle sales in India are estimated to have risen around 35 per cent to about 4.5 lakh units in August, riding on the back of robust growth posted by the likes of Maruti Suzuki India, Tata Motors Passenger Vehicles and Mahindra & Mahindra. The central....
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.... government's fiscal deficit for 2026-27 stood at 26.8 per cent of the full-year target at the end of July, according to data released by the Controller General of Accounts (CGA) on Monday. The deficit was at 29.9 per cent of Budget Estimates (BE) of 2025-26 for the first four months of the previous financial year. PTI DRR HVA =============<BR> News - Press release - PIB....