EconomyRupee holds near 96 per dollar as foreign outflows keep pressure on the currency
The rupee traded close to 96 per dollar while dollar demand from portfolio outflows was partly offset by support from state-run banks and the RBI.
THE INDIQA Research DeskPublished 30 Sept 2026Updated 30 Sept 20261 min read
The Indian rupee held close to 96 per U.S. dollar on September 30, trading around 95.97 in late-morning Mumbai trade, according to Reuters.
Foreign portfolio outflows and routine dollar demand continued to put pressure on the currency. State-run banks were seen selling dollars, a pattern traders linked to efforts to limit excessive volatility.
The exchange rate is also being shaped by global forces. Elevated oil prices matter because India is a large net energy importer, while U.S. interest-rate expectations influence demand for the dollar and international capital flows.
DISCUSSION & EDITORIAL REVIEW
Join the discussion
Comment on the story, report a factual or editorial issue, or tell us whether the article was useful.
Comments
Public comments appear after editorial review.
Was this article useful?
Tell us in one tap. Details are optional.
Report a problem with this article
