The Indian rupee weakened past 95 per US dollar on September 9 as Brent crude approached $100 and demand for dollars remained firm. Reuters reported that the RBI had intervened repeatedly in recent sessions, but the latest pressure was strong enough to reverse part of that support.
The rupee has slipped past 95 to the dollar as oil tests the RBI’s defence
Rising crude prices and persistent dollar demand pushed the currency weaker despite recent intervention by the Reserve Bank of India.
THE INDIQA Research DeskPublished 9 Sept 2026Updated 30 Oct 20262 min read
Sources Reuters ↗
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