Rupee rises 44 paise to 94.92 against U.S. dollar in early trade

The rupee appreciated 44 paise to 94.92 against the U.S. dollar in early trade on Wednesday (October 14, 2026), supported by Reserve Bank of India (RBI) interventions designed to ease near-term dollar demand and limit speculative foreign exchange exposure.

Forex traders said the USD/INR pair, which has gained nearly 2% over the last three trading sessions, opened on a positive note on Wednesday (October 14), largely driven by regulatory measures implemented by the RBI to limit volatility and curb speculative trading.

A sustained move below the 95.00 threshold opens potential towards 94.50, but ongoing external macroeconomic pressures are likely to temper further gains, they said.

At the interbank foreign exchange market, the rupee opened at 95.05, then gained ground to touch 94.92, registering a gain of 44 paise over its previous close.

On Tuesday (October 13, 2026), the rupee strengthened for the third straight session, appreciating 42 paise to close at 95.36 against the U.S. dollar.

Meanwhile, Finance Minister Nirmala Sitharaman on Tuesday (October 13) said the rupee had depreciated “significantly” over the past year and a half, and that the RBI would continue its efforts to prevent excessive volatility in the domestic currency.

The Reserve Bank, over the weekend, announced a slew of measures to stem the rupee’s fall. The central bank announced the creation of a special window for oil marketing companies, which will take dollar demand away from the spot market, and tightened rules governing forex derivatives trades to curb speculative bets against the rupee. It also asked banks to maintain a 20% reserve for dollar purchases of more than $2 million.

Ms. Sitharaman said most of the rupee’s volatility stemmed from external challenges, while the government was ensuring that macroeconomic fundamentals remained sound within the country.

Meanwhile, the Dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.06% at 102.11. Brent crude, the global oil benchmark, was trading higher by 0.57% at $106.29 a barrel in futures trade.

On the domestic equity market front, the Sensex dipped 32.96 points to 73,000.82 in early trade, while the Nifty fell 32.65 points to 22,688.75.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,305.13 crore on a net basis on Tuesday (October 13), according to exchange data.