The Indian rupee appreciated by 29 paise, settling provisionally at 92.85 against the US dollar on Friday, supported by a weakening American currency and declining crude oil prices amid rising optimism for easing geopolitical tensions.
Forex traders indicated that renewed buying in domestic equity markets and fresh foreign fund inflows contributed to the local currency’s gains. In the interbank foreign exchange market, the rupee opened at 92.93, reaching an intraday high of 92.65 against the dollar. The currency also hit a low of 92.98 during the session before concluding the day at 92.85, reflecting an increase of 29 paise from the previous close.
On Thursday, the rupee had gained 19 paise, closing at 93.14 against the USD. Anuj Choudhary, a Research Analyst at Mirae Asset Sharekhan, noted that the rupee strengthened due to improved global risk sentiment. He observed that global markets rallied and the US dollar weakened amid a declining demand for safe-haven assets, with crude oil prices also softening overnight.
Choudhary stated, “We expect the rupee to trade with a positive bias on expectations of the second round of talks between the US and Iran, as well as a ceasefire between Israel and Lebanon,” adding that the USD-INR spot price is anticipated to range between Rs 92.50 to Rs 93.20. The dollar index, which measures the greenback’s strength against a basket of six currencies, fell by 0.12 percent to 97.90.
Brent crude, the global oil benchmark, was trading down 3.23 percent at USD 96.18 per barrel in futures trading. Analysts noted that crude oil prices decreased after US President Donald Trump expressed optimism about a potential agreement with Iran, alleviating concerns over prolonged supply disruptions.
On the domestic equity market side, the 30-share Sensex increased by 504.86 points, or 0.65 percent, to settle at 78,493.54, while the Nifty rose by 156.80 points, or 0.65 percent, to 24,353.55. According to exchange data, Foreign Institutional Investors turned net buyers on Thursday, acquiring equities worth Rs 382.36 crore.
Published on April 17, 2026.
