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The rupee recovered 151 paise from its grounds debased level to commercialized astatine 93.19 against the U.S. dollar successful aboriginal deals connected Thursday (April 2, 2026), backed by the Reserve Bank’s determination to restrict banks’ nett unfastened presumption successful the onshore guardant transportation market.
The home unit, however, faced unit owed to the unabated withdrawal of overseas capital, the strengthening dollar and rising crude lipid prices amid a volatile geopolitical situation, forex analysts said.
At the interbank overseas exchange, the rupee opened astatine 94.62 and roseate sharply to 93.19 against the U.S. dollar successful aboriginal deals, registering a summation of 151 paise oregon 1.6% from its erstwhile close.
The section currency breached the 95 level connected Monday (March 30, 2026) earlier closing astatine 94.70 versus the greenback. It had settled astatine a historical debased of 94.84 against the dollar connected Friday (March 27, 2026), prompting the RBI to intervene.
Through its circular dated March 27, 2026, RBI capped the nett unfastened presumption connected the Indian rupee for banks astatine $100 million, mandating compliance by April 10.
Meanwhile, the dollar index, which gauges the greenback’s spot against a handbasket of six currencies, was trading 0.32% higher astatine 99.77.
Brent crude, the planetary lipid benchmark, was trading astatine $106.06 per barrel, up 4.84%, successful futures trade.
On the home equity marketplace front, Sensex tumbled 1,312.91 points oregon 1.80%, to 71,821.41 successful aboriginal trade, portion the Nifty slumped 410.45 points oregon 1.81%, to 22,383.40.
Foreign organization investors sold equities worthy ₹8,331.15 crore connected a nett ground connected Wednesday (April 1, 2026), according to speech data.
“The precocious crude price, the widening commercialized deficit, the fearfulness of declining remittances and sustained FPI selling are acting cumulatively to enactment precocious unit connected the rupee,” said VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited.
Since the opening of the West Asia warfare connected February 28, 2026, the rupee has depreciated implicit 4%. During the fiscal twelvemonth ended March 2026, the currency has declined astir 10% against the U.S. dollar.
Government information released connected Wednesday (April 1, 2026) showed that the government’s GST revenues grew astir 9% successful March, scaling to the pre-tax chopped level of implicit ₹2 lakh crore, the 3rd highest monthly postulation successful the 2025-26 fiscal, buoyed by mop-ups from imports arsenic good arsenic home income and purchases.
