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(05/06/2026 10:10)

Rupee gains ahead of RBI policy decision

The Indian rupee strengthened against the US dollar in early trade on Friday as investors awaited the Reserve Bank of India's monetary policy announcement and monitored developments in the India-US trade talks.

The domestic currency appreciated by 11 paise to 95.63 per US dollar in the interbank foreign exchange market after opening at 95.72, compared with its previous close.

Forex market participants noted that the 96.00 level remains a key resistance zone for USD/INR. A balanced policy stance from the RBI, with continued focus on inflation management and currency stability, could support further appreciation in the rupee, potentially guiding it towards the 95.00–95.20 range in the near term.
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