RUPEE IN FOCUS
The Indian currency opened at 95.44 per US dollar, compared with Tuesday’s (August 25) close of 95.41. The week started on a positive note for the currency, as on Monday, the rupee had opened at 95.64 against the US dollar.
In addition, the 10-year bond yield dipped to 6.94%.
The currency market was closed yesterday, Wednesday, August 26, on account of ‘Id-e-Milad ‘.
The rupee is still encountering difficulties due to the continuous hedging demand from domestic corporations and the irregular maturity of derivative contracts, further exacerbated by consistently elevated oil prices.
FACTORS AT PLAY TODAY
As per a Reuters report, foreign portfolio investors continued to be net buyers in the Indian markets for the third consecutive session on Wednesday, recording net purchases amounting to 5.03 billion rupees ($52.72 million). Domestic institutional investors acquired shares valued at 64.25 billion rupees, as per the provisional data from the NSE.
In total, foreign investors have purchased Indian stocks worth $2.85 billion in August to date, marking the highest level since September 2024, according to information from the National Securities Depository.
Meanwhile, crude oil saw its prices steadying, as the price of the benchmark, Brent Crude, remained around the $87 mark as talks between Iran and Oman are indicating an alternative way out of the ongoing Strait of Hormuz crisis.
Furthermore, another critical factor placating the currency is gold. The yellow metal, after making gains over the recent past, has managed to hold the gains in today’s session so far, and is now above the $4,600 mark.
As for Dalal Street on Thursday’s Sensex expiry, the pre-market action shows GIFT Nifty trading nearly 80 points lower, hinting at a negative start.
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(Edited by : Juviraj Anchil)
First Published: Aug 27, 2026 9:04 AM IST
