At the interbank foreign exchange market, the rupee opened at 93.29 and gained further, trading at 93.27 against the greenback in early deals, up 6 paise from its previous closing level.
| Photo Credit: Reuters
The rupee appreciated by 6 paise to 93.27 against the U.S. dollar in early trade on Thursday (April 16, 2026), driven by retreating crude oil prices and a weakening American currency, amid hopes of a truce in West Asia.
According to forex analysts, crude oil prices hovering below the $95-a-barrel level sent positive cues to investors in domestic equities, even though the outflow of foreign capital and demands for dollars from importers resisted a sharp recovery in the rupee.
Published – April 16, 2026 10:50 am IST