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Rupee Quote: 28 September 2026

Authored By Prime Research | Published at: Sep 28, 2026 03:33 PM IST

Rupee Quote: 28 September 2026

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The Indian rupee depreciated alongside broader Asian currencies amid risk-averse market sentiment and a surge in crude oil prices, following the US rejection of Iran’s latest proposal to reopen the Strait of Hormuz. As a major net energy importer, the widening supply anxiety directly aggravates India’s current account deficit pressures, compounding the headwinds from persistent foreign fund outflows and rising bond yields.
In the near term, spot USD INR faces resistance in the 96.10 to 96.30 range, with support pegged around 95.80.
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