The rupee hovered around the crucial 96 mark on Monday (October 5, 2026), pressured by elevated crude oil prices and sustained foreign fund outflows, as the RBI’s rate decision is due
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However, RBI-backed dollar sales across spot and forward markets continue to cap losses, keeping the exchange rate below the 96.00 threshold
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.40, higher by 0.04%
Forex traders said prolonged West Asia crisis poses a major risk for India, which relies heavily on energy imports
