loading
loading
Listen to this article in summarized format "The rupee has come under renewed pressure today after a sharp rise in domestic and global bond yields. Brent crude remained elevated above $108 levels, adding to India's import-dollar demand," said a trader from a private sector bank. The currency traded in a narrow range of 95.96 and 95.75, while dollar demand from oil companies kept the currency under continuous pressure. Read more: Sebi plans shorter disaster recovery drills, stronger backup rules for exchanges Trader focus will now be on whether the RBI will continue to defend the currency near 95.59-96 levels. A consistent move above 96 per dollar levels leaves the currency open for 96.10-96.20, traders said. "We are forecasting USD/INR at 95.50 by Dec 2026 and 96.50 by June 2027, implying a gradual depreciation in INR and a modest underperformance against other Asian currencies," said MUFG bank in a note on Tuesday. Focus will now be on oil prices, which will determine the trajectory of the rupee. Read more: Prashant Jain’s 3P India among anchors as Hero Motors raises Rs 300 crore ahead of IPO Focus will also be on the US Federal Reserve's policy decision on Wednesday with markets pricing a 93% chance of a hike, according to CMEs FedWatch Tool. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-16 02:56