Rupee Gains for Second Day, Touches 95.05 After RBI Measures
The rupee rose for a second straight day, touching 95.05 per dollar, as RBI’s steps to curb dollar demand and speculation took effect. Experts see 96–97 by year-end.
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“Rupee Gains for Second Day, Touches 95.05 After RBI Measures”
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13 Oct 2026
Key Highlights
- Second day up: The rupee touched 95.05 per dollar in early trade on Tuesday.
- Monday’s jump: It gained 93 paise on Monday, its biggest one-day rise in over six months, to close at 95.78.
- Two-day recovery: From Friday’s 96.71, the rupee is about ₹1.66 stronger.
- Why: RBI’s dollar window for oil companies and costlier speculative hedging.
- Outlook: Experts expect 96–97 per dollar by end-2026.
The rupee strengthened for a second straight day on Tuesday, opening at 95.17 against the US dollar and touching 95.05 in early trade, supported by the Reserve Bank of India’s measures to reduce dollar demand and curb speculation.
On Monday, the rupee gained 93 paise to close at 95.78, its steepest single-day rise in more than six months.
How Far It Has Come
| Day | Rupee per dollar |
|---|---|
| Friday close | 96.71 |
| Monday close | 95.78 |
| Tuesday (early high) | 95.05 |
That is a recovery of roughly ₹1.66, or about 1.7%, in two sessions, after the currency had neared a record low of about 97.
