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The rupee rebounded from its lowest level and settled with a summation of 45 paise astatine 91.60 (provisional) against U.S. dollar connected Thursday (March 5, 2026) connected the backmost of a buying inclination successful home equity markets and reports of Reserve Bank intervention.
According to forex analysts, the Reserve Bank seems to person intervened to assistance the section currency from utmost volatility owed to uncertainties connected the ongoing warfare involving the U.S., Israel and Iran.
However, a steadfast dollar, rising crude lipid prices and aggravated withdrawal of overseas funds kept the rupee nether pressure, they said.
At the interbank overseas exchange, the rupee opened astatine 92.16 and touched an intraday precocious of 91.30 against the greenback. The currency ended the league astatine 91.60 (provisional) against the dollar, registering a summation of 45 paise from the erstwhile closing level.
The Indian currency slumped 56 paise to adjacent astatine its all-time debased of 92.05 against U.S. dollar connected Wednesday (March 4, 2026), aft logging a steep nonaccomplishment of 41 paise connected Monday (March 2, 2026). The forex marketplace was closed connected Tuesday connected relationship of Holi.
Anuj Choudhary, probe analyst, Mirae Asset ShareKhan, said the rupee bounced backmost from grounds debased levels connected reports of involution by the Reserve Bank of India and affirmative code successful the home markets. However, a beardown dollar and surge successful crude lipid prices capped crisp gains.
"FII outflows and rising crude lipid prices whitethorn besides measurement connected the rupee. However, immoderate RBI involution whitethorn enactment rupee astatine little levels. Traders whitethorn besides instrumentality cues from play unemployment claims information from the U.S. USD-INR spot terms is expected to commercialized successful a scope of ₹91.30 to ₹92.10," Mr. Choudhary added.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading 0.13% higher astatine 98.86.
Brent crude, the planetary lipid benchmark, was up 1.83% astatine 82.89 per tube successful futures trade, aft escalating threats of disruptions successful the travel of crude done the Strait of Hormuz.
The subject struggle involving the U.S., Israel and Iran continued connected Thursday arsenic Iranian missiles deed Israel aft an American submarine sank an Iranian warship connected Wednesday. Iran has besides threatened the demolition of subject and economical infrastructure crossed the region.
According to experts, India faces the hazard of a crisp summation successful its import measure with the rising crude prices successful the planetary market, arsenic the country's 85% substance request is met done imports.
On the home equity marketplace front, the Sensex saw a crisp betterment of 899.71 points oregon 1.14% to settee astatine 80,015.90, portion Nifty recovered 285.40 points oregon 1.17% to 24,765.90.
Foreign organization investors sold equities worthy ₹8,752.65 crore connected a nett ground connected Wednesday, according to speech data.
