Neutral impactForex
Rupee likely to trade in ₹94.5-96 range in near term as dollar inflows fail to lift currency: Report
BusinessLine 16 hrs ago·26 Sept 2026, 7:22 am
The report projects that the rupee will likely trade between ₹94.5 and ₹96 per dollar in the near term. Dollar inflows have not been strong enough to lift the currency, so its movement is now being shaped by a mix of underlying fundamentals, RBI intervention and overall market sentiment.
For investors, a relatively stable but modestly weak rupee influences the cost of overseas investments, the earnings of export‑oriented companies versus import‑dependent firms, and the valuation of foreign‑currency assets and dollar‑denominated bonds.
Watch for any new signals from the RBI, shifts in global risk appetite, changes in oil prices and upcoming data on inflation or the current‑account balance, as these factors could push the rupee out of the projected range.
Excerpt from BusinessLine
The rupee is likely to remain in the ₹94.5-96 per US dollar range in the near term, with large dollar inflows through FCNR deposits and external commercial borrowings (ECBs) failing to translate into commensurate appreciation as the funds have largely been added to the Reserve Bank of India's reserves, a Bank of…Read the original at BusinessLine
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