USD/INR Today: Rupee Holds Near ₹95.75 as RBI Supports Currency
August 25, 2026
The Indian rupee remained largely stable against the U.S. dollar on Tuesday, trading around ₹95.74–₹95.75 per dollar as the Reserve Bank of India (RBI) was reported to have intervened in the foreign-exchange market.
Rupee Under Pressure From Oil and Dollar Demand
The rupee opened around ₹95.74 per dollar, slightly weaker than the previous session. Higher crude oil prices and continued dollar demand from importers are putting pressure on the Indian currency.
Traders reported that state-run banks were offering dollars, which was viewed as a sign of possible RBI intervention. The intervention has helped keep the rupee within an unusually narrow trading range.
Global Forex Market
The U.S. dollar was struggling to extend its recent gains against major currencies. The euro was around $1.1668, while the British pound traded near $1.3639, both close to recent multi-month highs.
Investors are also monitoring the impact of new U.S. sanctions against Iran and upcoming Federal Reserve policy comments, which could increase volatility across global currency markets.
What Forex Traders Should Watch
- USD/INR: ₹95.70–₹95.75 zone
- RBI intervention and liquidity conditions
- Crude oil prices
- U.S. dollar strength
- Iran-related geopolitical developments
- Upcoming Federal Reserve policy signals
Market view: The rupee is currently being supported by RBI action, but higher oil prices and strong dollar demand could continue to create downside pressure.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Forex trading involves substantial risk.