Rupee Gains for Fourth Session on Lower Crude
By HDFC SKY | Updated at: Apr 7, 2026 05:41 PM IST
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The Indian rupee extended its winning streak for a fourth consecutive session, bolstered by lower crude oil prices, a recovery in domestic equities, and the RBI-driven unwinding of arbitrage positions from the banks.
The market is now in a “wait-and-watch” mode ahead of the RBI policy announcement and President Trump’s Tuesday night deal deadline.
Technically, USDINR spot maintains a range with immediate support at 92.50 and resistance pegged at 93.60.
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