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Rupee extends losses for 6th session; ends 34 paise weaker at 95.88 against US dollar
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....upee extends losses for 6th session; ends 34 paise weaker at 95.88 against US dollar<BR>FEMA / RBI<BR>Dated:- 15-9-2026<BR>PTI<BR>Mumbai, Sep 15 (PTI) The rupee weakened for the sixth straight session, ending Tuesday's session with a loss of 34 paise at 95.88 against the US dollar, weighed down by escalating Middle East conflict and soaring Brent crude oil prices, which hit USD 108 per barrel. ....
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.... Forex traders said surging dollar demand from oil importers has sparked fresh concerns over inflation and India's external trade balance. Moreover, weak domestic markets, a strong US dollar and worries over rising global treasury yields further dented investor sentiment. At the interbank foreign exchange market, the rupee opened at 95.84 against the US dollar, and moved in the range of 95....
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.....75 to 95.96 before closing the session at 95.88 against the American currency, down 34 paise from its previous close. The rupee settled 2 paise lower at 95.54 against the American currency on Friday, after weakening by 111 paise or more than 1 per cent in the preceding four sessions since the closing level of 94.43 recorded on September 4. Forex and equity markets were closed on Monday on....
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.... account of Ganesh Chaturthi. "We expect the rupee to trade with a negative bias on risk-off sentiments in global markets and worries over rising global treasury yields. Rising global crude oil prices amid fears over supply disruption and a strong dollar may also pressurise the rupee," said Anuj Choudhary, Research Analyst, Mirae Asset Sharekhan. However, any intervention by the RBI may su....
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....pport the rupee at lower levels. Traders may take cues from ADP weekly employment and Empire State manufacturing index data from the US. "Investors may remain cautious ahead of the Federal Open Market Committee (FOMC) meeting decision on Wednesday. USD-INR spot price is expected to trade in a range of 95.75 to 96.15," Choudhary said. Dilip Parmar, Research Analyst, HDFC Securities, said th....
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....e rupee extended its losses for the sixth consecutive session, dragged down by a persistent surge in global bond yields and rising crude oil prices amid ongoing supply disruptions. "Heightened risk aversion ahead of the critical FOMC rate decision further weighed on Asian currencies, including the domestic rupee. In the near term, the spot USD/INR pair has resistance at 96.30, with support peg....
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....ged at 95.45, with bias favouring the dollar bulls," Parmar said. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.61, higher by 0.22 per cent. Brent crude, the global oil benchmark, was trading higher by 1.92 per cent at USD 107.71 per barrel in futures trade, amid escalating US-Iran tensions and fears of disruption t....
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....o oil flows through the Strait of Hormuz. With Brent crude touching USD 108 per barrel, increased dollar demand from oil importers raised concerns over India's external balance and inflation, forex traders said. On the domestic equities market front, Sensex tanked 777.94 points to settle at 74,003.82, while the Nifty dropped 279.50 points to 23,118.60. Foreign institutional investors (....
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....FIIs) offloaded equities worth Rs 2,977.86 crore on a net basis on Tuesday, according to exchange data. Meanwhile, India's forex reserves jumped by a record USD 44.903 billion to a new lifetime high of USD 785.706 billion during the week ended September 4, the RBI said on Friday. In the previous reporting week, the overall reserves increased by USD 11.475 billion to USD 740.803 billion. PT....
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