Rupee breaches 96 per dollar as oil surge stokes pressure; RBI intervention limits fall

Sep 29, 2026

The Indian rupee breached the 96-per-dollar mark for the first time since July as surging crude oil prices and a firm dollar weighed on the currency. RBI intervention helped the rupee recover and close at 95.98, but economists expect gradual depreciation over the longer term amid persistent external pressures.

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