The Indian rupee strengthened by 18 paise against the US dollar on Wednesday, opening at 94.42 compared to its previous close of 94.60. The domestic currency touched its strongest level since May 7, 2026, reflecting improved investor sentiment and easing concerns over India's import bill.
The Indian rupee strengthened by 21 paise to 96.05 against the US dollar, supported by RBI intervention and easing concerns over global oil supply disruptions. Improved market sentiment, planned RBI liquidity measures, and stabilising crude oil prices helped the currency recover after recently nearing record lows against the dollar.
