Rupee falls 13 paise to 94.81 against U.S. dollar
The Indian rupee fell 13 paise to 94.81 against the U.S. dollar due to rising global oil prices and increased demand for the dollar. Forex traders noted that the upcoming U.S. Federal Reserve policy decision is influencing market sentiment. The rupee's decline follows a previous drop, with ongoing geopolitical tensions contributing to currency fluctuations.
- ▪The rupee opened at 94.79 against the U.S. dollar before falling to 94.81.
- ▪Brent crude oil prices are currently above $111 amid ongoing geopolitical tensions.
- ▪The dollar index was trading 0.04% higher at 98.67 before the Federal Reserve's decision.
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The rupee depreciated 13 paise to 94.81 against the U.S. dollar in early trade on Wednesday (April 29, 2026), as rising global oil prices kept the currency under pressure.Forex traders said elevated crude oil prices and month-end dollar demand amid a broader shift toward safe-haven assets dented investor sentiment.The focus has now shifted to the upcoming U.S. Federal Reserve policy decision. While rates are expected to remain unchanged, the tone will carry more weight than the action, they said.At the interbank foreign exchange market, the rupee opened at 94.79 against the U.S. dollar, then lost some ground and touched 94.81 against the U.S.
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