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Rupee jumps 96 paise to close at 95.75 against US dollar

Mumbai, Oct 12 (PTI) The rupee appreciated 96 paise, logging its steepest single-day gain in more than six months, to close at 95.75 (provisional) against the US dollar on Monday after the Reserve Bank of India over the weekend stepped in with several measures aimed at bolstering the domestic currency. Forex traders said the RBIs measures could provide near-term support to the rupee by easing spot-market dollar demand and curbing excessive forex positioning. However, sustained recovery will depend on crude oil prices, capital flows and global market conditions, they said. At the interbank foreign exchange market, the rupee opened at

12 Oct 2026 4:27 pm