Neutral impactForex
Rupee ends flat at 95.95 as RBI dollar sales offset pressure
Economic Times 2 hrs ago·17 Sept 2026, 12:53 am
The Indian rupee closed flat at 95.95 against the US dollar on Wednesday, ending a session of high volatility. The currency’s stability was largely supported by the Reserve Bank of India (RBI), which stepped in to sell dollars. This intervention helped counteract the selling pressure from domestic oil importers and other businesses, who are typically heavy buyers of foreign currency.
For investors, the flat close suggests that the RBI is actively managing the exchange rate to prevent sharp fluctuations. However, the underlying pressure from high oil prices and foreign demand remains a key concern. Market experts warn that the rupee could face further depreciation if the US Federal Reserve continues to raise interest rates, which would strengthen the dollar. Traders should watch the RBI's next move and the dollar index closely.
Excerpt from Economic Times
On Wednesday, the Indian rupee maintained its position at 95.95 against the US dollar, thanks to the central bank's dollar sales which helped stabilize its value. However, ongoing demand from oil firms and importers kept the currency under strain. Market analysts predict further depreciation, especially if the US…Read the original at Economic Times
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