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(02/04/2026 10:02)

Rupee rebounds 1.6% from record low to 93.19 against US Dollar

The Indian rupee staged a sharp recovery in early trade on Thursday, rising 1.6% or 151 paise to 93.19 against the US dollar after hitting a record low in the previous session.

The rebound was supported by measures from the Reserve Bank of India, which restricted banks’ net open positions in the onshore forward delivery market.

However, the domestic currency continues to face headwinds from persistent foreign capital outflows, a stronger dollar, and rising crude oil prices amid ongoing geopolitical uncertainties, according to forex analysts.

In early interbank trading, the rupee opened at 94.62 and strengthened significantly to 93.19 against the greenback.
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