2 months ago
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The rupee stayed steadfast and gained 2 paise to 91.62 against the U.S. dollar connected Friday (March 6, 2026) aft the U.S. announced a 30-day waiver for Indian refiners to acquisition Russian oil, easing unit connected the planetary vigor travel amid the ongoing warfare successful West Asia.
Forex traders said that the antagonistic home equity markets and withdrawal of overseas funds resisted the rupee's upward determination contempt a retreating American currency.
Amid the escalating warfare involving the U.S., Israel and Iran, the American medication has announced a impermanent 30-day waiver to let Indian refiners to acquisition Russian oil. Treasury Secretary Scott Bessent connected Thursday (March 5) said that "this stop-gap measurement volition alleviate unit caused by Iran's effort to instrumentality planetary vigor hostage".
At the interbank overseas speech market, the rupee opened astatine its erstwhile session's closing level of 91.64 and gained 2 paise to 91.62 against the greenback.
The Indian currency recovered 41 paise to settee astatine 91.64 against the dollar connected Thursday (March 5) aft losing 97 paise successful the preceding 2 sessions.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.37 per cent little astatine 98.94.
Brent crude, the planetary lipid benchmark, was down 1.05% astatine $84.51 per tube successful futures trade.
Foreign organization investors sold equities worthy ₹3,752.52 crore connected a nett ground connected Thursday, according to speech data.
