Agencies The rupee slipped to 96.42 against the dollar amid foreign outflows and strong dollar demand, with RBI intervention limiting losses ahead of policy commentary.
Synopsis The rupee weakened 13 paise to close at 96.42 against the dollar, its weakest level in over two months, pressured by persistent foreign investor outflows and oil companies’ dollar demand.
RBI intervention limited losses, while markets awaited the central bank’s policy commentary.
By Atmadip Ray, ET Bureau Oct 06, 2026, 08:46:00 PM IST Follow us The rupee on Tuesday closed weaker at 96.42 a dollar, losing 13 paise from the previous close of 96.29, as persistent outflows by overseas investors put pressure on the local currency.ADVERTISEMENT Dollar demand from oil companies added to the woes even as likely intervention from the central bank capped the loss, traders said.This is the rupee’s weakest closing level in more than two months.
The currency saw its all-time low of 96.96 in May.
The rupee opened marginally weaker at 96.32 while the loss extended to 96.45 amid cautious market sentiment.
NSDL data showed that foreign portfolio investors withdrew about $2.4 billion in October alone as they chase safe-haven assets in the absence of any truce between the US and Iran.
