Monday, 28 September 2026Updated 3m ago
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Market move▼ Bearish for Indian equities

Indian central bank likely shielding rupee as US-Iran impasses lifts oil prices, traders say

1 source · first seen 09:35 28 Sept · updated 09:35 28 Sept

The brief

Written from 1 report · check the source before you trade
  • The rupee declined 0.1% to 95.89 per dollar
  • Central bank intervention helped the rupee hold above 96 per dollar
  • Higher oil prices pressure Indian airlines, paints and other fuel-dependent businesses; a weaker rupee raises import costs

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Rupee9 todayRBI19 todayIran49 todayCrude oil64 todayUS dollar12 todayGlobal markets70 today

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43 stories this week
  1. 28 SeptIndia's forex reserves fall $14.89 billion to $766 billionData · 1 source · Forex reserves fell $14.89 billion to $766 billion in the week ended September 18
  2. 28 SeptRupee and government bonds face pressure as oil rises and Iran diplomacy hopes fadeMarket move · 3 sources · The rupee and government bonds are vulnerable as oil prices climb
  3. 26 SeptFII Flows To Stay Subdued: Bernstein sees flat to modest inflows; rupee and valuations weighBroker call · 1 source · Bernstein expects foreign institutional investor flows into Indian stocks to stay stable over the next year
  4. 25 SeptRBI says resilient domestic economy cushions India against rising global risksData · 4 sources · The RBI cited record forex reserves and a five-year high in net FDI
  5. 25 SeptForex reserves drop $14.9 billion to $766 billion, sharpest weekly fall since November 2024Data · 2 sources · Reserves fell $14.9 billion in the week ended September 18
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Read the reports

1 report · earliest 09:35
Business LineIndian central bank likely shielding rupee as US-Iran impasses lifts oil prices, traders say09:35