Rupee Opens Stronger at 91.61 Against Dollar, Gains 0.1% on Firm Market Sentiment

The Indian rupee began trading on a firmer note today, opening at 91.61 per U.S. dollar, compared to its previous close of 91.70. The currency’s slight appreciation underscores resilient investor sentiment, supported by foreign portfolio inflows and a stable domestic equity market.

Market analysts suggest the rupee’s movement is influenced by expectations surrounding the upcoming Union Budget 2026, where fiscal deficit targets and growth measures will be closely monitored. Additionally, global factors such as oil price trends and the U.S. Federal Reserve’s policy stance remain critical in shaping near-term currency dynamics.

Key Highlights:

• Opening Rate: 91.61 per U.S. dollar.
• Previous Close: 91.70 per U.S. dollar.
• Appreciation: 0.1% gain.
• Drivers: Foreign inflows, equity market support, pre-budget optimism.
• Global Watchpoints: Oil prices, U.S. Fed policy signals.
• Outlook: Traders expect cautious range-bound movement until fiscal announcements provide clarity.

The rupee’s resilience reflects India’s strong macroeconomic fundamentals, though volatility may persist as global and domestic events unfold in the coming weeks.

Sources: Reuters, Economic Times, Business Standard.