Rupee Quote: 01 October 2026

Authored By Prime Research | Last Modified: Oct 1, 2026 04:05 PM IST

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The Indian rupee weakened in tandem with most Asian currencies as the US dollar extended its rise, supported by higher US bond yields and a rebound in crude oil prices. Risk‑averse sentiment, persistent foreign fund outflows, dollar short covering by the market participants and the central bank’s sizeable forward short‑dollar position continued to weigh on the currency.

In the near term, spot USD/INR is expected to trend higher, with 96.67 serving as the immediate resistance, while downside support has now shifted to 95.75.

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