Forex

Rupee Bounces Back Against Dollar Amid Easing Oil Prices

Guavy AI Editorial Team Published September 18, 2026

Instruments

USD

The Indian Rupee has rebounded from its two-month low against the US Dollar, gaining 16 paise to 95.73 in early trade on Friday.

This upward trend is attributed to easing crude oil prices and a positive movement in domestic equity markets.

Easing crude oil prices below $104 per barrel have eased pressure on the Indian currency, while US bond yields have fallen from record highs following the Federal Reserve's 25 basis point interest rate hike.

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