India Rupee Review
Near four-week high on FX inflows, RBI intervention
This story was originally published at 16:06 IST on 31 August 2026
Register to read our real-time news.Informist, Monday, Aug. 31, 2026
By Divya Moolayattil
MUMBAI – The rupee rose sharply to almost a four-week high against the dollar Monday as banks sold dollars linked to MSCI global indices rebalancing, dealers said. The rupee also gained support from surplus dollar liquidity in the market, with inflows bunched into the foreign currency non-resident (banks) deposit scheme ahead of Monday's deadline. Along with this, the Reserve Bank of India's dollar sales through public-sector banks also strengthened the rupee on the last day of the month.
After hitting a high of 95.1075 per dollar, the rupee settled at 95.1625 per dollar, up 0.2% from Friday's close. During the day, it moved in the widest range seen in the month of 38 paise. The rupee rose 0.2% from its July-end level, with the RBI's dollar sales keeping the currency well behaved despite the occasional bouts of volatility.
"There were multiple factors supporting rupee today (Monday), including FCNR(B) inflow, MSCI rebalancing inflows, and... there was RBI's support as well," a dealer at a private-sector bank said. More
To read more please subscribe
Share this Story:
