{"id":33961,"date":"2026-10-08T04:45:47","date_gmt":"2026-10-08T04:45:47","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=33961"},"modified":"2026-10-08T04:45:47","modified_gmt":"2026-10-08T04:45:47","slug":"rupee-rises-10-paise-against-us-dollar-what-is-supporting-the-currency","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=33961","title":{"rendered":"Rupee rises 10 paise against US dollar: What is supporting the currency?"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-134779824,imgsize-114476,width-400,height-225,resizemode-4\/rupee-rises-10-paise-against-us-dollar.jpg\" alt=\"Rupee rises 10 paise against US dollar: What is supporting the currency?\" title=\"Rupee rises 10 paise against US dollar\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"Rupee rises 10 paise against US dollar\">Rupee rises 10 paise against US dollar<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Rupee began Thursday on a positive note, recovering 10 paise to trade at 96.65 against the US dollar in early deals. The recovery comes amid likely intervention by the <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/reserve-bank-of-india\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\" target=\"_blank\" rel=\"noopener\">Reserve Bank of India<\/a>, which may have helped the currency hold ground despite continued pressure from global and domestic factors.<span class=\"id-r-component br\" data-pos=\"4\"\/>The currency had opened at 96.71 at the interbank foreign exchange market before moving up to 96.65. Earlier on Wednesday, it ended at 96.75 against the dollar.<span class=\"id-r-component br\" data-pos=\"6\"\/>Despite the early recovery, forex traders said the rupee remained under pressure from a combination of a stronger US dollar, elevated crude oil prices and sustained foreign fund outflows. The DXY was trading near multi-month highs, while Brent crude remained around the $102-a-barrel mark.<span class=\"id-r-component br\" data-pos=\"10\"\/>The decline in India&#8217;s forex reserves has added to the pressure on investor sentiment. Reserves have fallen by $50 billion in three weeks from the September peak of $786 billion.<span class=\"id-r-component br\" data-pos=\"12\"\/>&#8220;Strong corporate importer demand for dollars together with safe-haven capital shifts overpowered the RBI&#8217;s hawkish policy stance, driving USD\/INR higher through the afternoon until routine state-run bank interventions helped stem further losses,&#8221; said Anil Kumar Bhansali head of treasury and executive director Finrex Treasury Advisors LLP.<span class=\"id-r-component br\" data-pos=\"15\"\/>Market participants are now looking towards the RBI for action against speculation in the USD\/INR pair. Forex traders said the RBI Governor has assured that the central bank would help the rupee find its true value, with the currency presently considered undervalued.<span class=\"id-r-component br\" data-pos=\"18\"\/>The dollar index was at 102.25, gaining 0.01% against a basket of six currencies.<span class=\"id-r-component br\" data-pos=\"20\"\/>Oil prices, meanwhile, remained elevated. Brent crude futures climbed 2.17% to $102.37 per barrel as concerns over disruptions to supplies through the Strait of Hormuz weighed on the market.<span class=\"id-r-component br\" data-pos=\"23\"\/>&#8220;The main reason for the rebound in crude oil prices is persistent concern over Middle East supply and shipping disruptions, particularly with attacks on tankers in the Gulf and around the Strait of Hormuz intensifying,&#8221; Bhansali said.<span class=\"id-r-component br\" data-pos=\"25\"\/>The pressure on the currency came alongside weakness in domestic equities. BSE Sensex was down 264.97 points at 72,408.15 in early trade, while NSE Nifty50 declined 87.50 points to 22,507.65.<span class=\"id-r-component br\" data-pos=\"27\"\/>Foreign Institutional Investors (FIIs) were net sellers in Indian equities on Wednesday, offloading shares worth Rs 6,121.37 crore, according to exchange data.<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/rupee-rises-10-paise-against-us-dollar-what-is-supporting-the-currency\/articleshow\/134779681.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rupee rises 10 paise against US dollar Rupee began Thursday on a positive note, recovering 10 paise to trade at 96.65 against the US dollar in early deals. The recovery comes amid likely intervention by the Reserve Bank of India, which may have helped the currency hold ground despite continued pressure from global and domestic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":33962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-33961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Rupee rises 10 paise against US dollar Rupee began Thursday on a positive note, recovering 10 paise to trade at 96.65 against the US dollar in early deals. The recovery comes amid likely intervention by the Reserve Bank of India, which may have helped the currency hold ground despite continued pressure from global and domestic [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":1,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/10\/rupee-rises-10-paise-against-us-dollar.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-31\">\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/33961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33961"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/33961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/33962"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}