Rupee rises 47 paise to 94.26 against US dollar on record forex inflows
- 3rd September 2026
- 10:00 AM
- 2 min read
Summary
The rupee gained 47 paise to touch 94.26 against the US dollar in early trade on Thursday, after opening at 94.30. The move was supported by record foreign-currency deposit inflows under a special RBI programme, even as elevated crude oil prices and global bond yields weighed on sentiment.Mumbai | September 3, 2026
The rupee appreciated 47 paise to 94.26 against the US dollar in early trade on Thursday, supported by much higher than expected FCNR(B) deposit mobilisation. At the interbank foreign exchange market, the rupee opened at 94.30 against the dollar, then gained ground to touch 94.26, a rise of 47 paise from its previous close. On Wednesday, the rupee had settled at 94.73, a gain of 22 paise for that session.
Record forex inflows under RBI’s special deposit scheme
Foreign Currency Non-Resident (Bank), or FCNR(B), deposits accounted for USD 127.226 billion in inflows as of 31 August, the Reserve Bank of India said on Wednesday. Including overseas foreign-currency borrowings (OFCB) and external commercial borrowings (ECB), total inflows under the measures reached USD 136.377 billion.
India mobilised a record USD 127.23 billion through foreign-currency deposits under the special central-bank programme, aimed at bolstering the country’s foreign-exchange liquidity.
Crude oil and global yields weigh on sentiment
Brent crude, the global oil benchmark, traded marginally lower by 0.16% at USD 95.48 a barrel in futures trade, on escalating US-Iran tensions and fears of disruption to oil flows through the Strait of Hormuz.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.43, marginally lower by 0.16%, on safe-haven demand amid renewed US-Iran tensions.
Equities and FII flows
The Sensex climbed 221.17 points to 76,791.52 in early trade, while the Nifty was trading up 59.55 points at 23,974. Foreign institutional investors purchased equities worth ₹6,688.37 crore on a net basis on Wednesday, according to exchange data.
Stay updated on Indian equity and commodity markets. Read more market news on PL Capital.
Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.
This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors.
For detailed disclaimers/disclosure and Mandatory terms and conditions please visit our website https://www.plindia.com/regulatory-content/
