BusinessRupee Trades Narrowly, Drops to 95.97 Against US Dollar
On September 30, 2026, the Indian rupee traded in a narrow range and fell 3 paise to 95.97 against the US dollar in early trade. The decline was driven by strong dollar demand from state-run oil companies and firm crude oil prices. RBI-backed state banks' dollar sales kept the USD/INR below 96. Foreign portfolio outflows of $2.2 billion and firm US yields also pressured the rupee.
Hindu Business·3h ago·Mumbai



