Visit IGEN World Explore IGEN Expo

EXPLORE UPGRADE PLANS

BREAKING

Eastern Pacific exits chemical tanker sector as fleet shifts to Ace and Womar Telegram Blocked in India for NEET Exam, But Remains Accessible via VPN FTAs, Agri-Start-ups and FPOs to Drive Next Phase of Farm Export Growth: APEDA Chief India's mango exports reach 45 countries; US shipments likely to grow over 30% this season: APEDA MSC denies report of Hapag-Lloyd acquisition talks; carrier says claim 'not true or correct' Tin Prices Poised to Rule Elevated in 2026 on Semiconductor Demand and Supply Disruptions India must boost oilseed yields to cut edible oil imports, SEA chief says India Air Freights 5 Tonnes of Medical Aid to Afghanistan Under Humanitarian Assistance Tsakos Joins Greek Capesize Ordering Wave at Hengli Heavy Industries How US quietly kept Gulf crude moving despite Iran's Hormuz blockade Eastern Pacific exits chemical tanker sector as fleet shifts to Ace and Womar Telegram Blocked in India for NEET Exam, But Remains Accessible via VPN FTAs, Agri-Start-ups and FPOs to Drive Next Phase of Farm Export Growth: APEDA Chief India's mango exports reach 45 countries; US shipments likely to grow over 30% this season: APEDA MSC denies report of Hapag-Lloyd acquisition talks; carrier says claim 'not true or correct' Tin Prices Poised to Rule Elevated in 2026 on Semiconductor Demand and Supply Disruptions India must boost oilseed yields to cut edible oil imports, SEA chief says India Air Freights 5 Tonnes of Medical Aid to Afghanistan Under Humanitarian Assistance Tsakos Joins Greek Capesize Ordering Wave at Hengli Heavy Industries How US quietly kept Gulf crude moving despite Iran's Hormuz blockade

Home ›› Intl Trade ›› Import Export ›› Rupee Strengthens as RBI Implements Forex Support Measures

Trade Import/Export

Rupee Strengthens as RBI Implements Forex Support Measures

The Indian rupee appreciated by 56 paise to 95.18 against the US dollar following the Reserve Bank of India's announcement of forex-support measures. These measures aim to attract foreign capital and enhance forex liquidity.

iG

iGEN Editorial

June 6, 2026

Rupee Strengthens as RBI Implements Forex Support Measures

Executive Summary

The rupee strengthened sharply on Friday, rising 56 paise to close at 95.18 against the US dollar after the Reserve Bank of India announced a series of measures aimed at attracting foreign capital and boosting foreign exchange liquidity, PTI reported. Forex traders said the RBI's policy announcements improved investor sentiment after the central bank asserted that India's foreign exchange reserves remain adequate to cushion the economy against external shocks. At the interbank foreign exchange market, the rupee opened at 95.72 against the greenback, touched an intraday high of 94.89 and eventu

Source Coverage

Source	Headline	Published At
Business-Today	Rupee jumps 56 paise to 95.18 vs US dollar after RBI announces forex-support measures	2026-06-05 00:00:00+00:00
Business-Today	Rupee reverses RBI-driven gains, falls 43 paise to 95.61 against US dollar	2026-06-08 00:00:00+00:00

Timeline

2026-06-05 00:00:00+00:00: Rupee jumps 56 paise to 95.18 vs US dollar after RBI announces forex-support measures (via Business-Today)
2026-06-08 00:00:00+00:00: Rupee reverses RBI-driven gains, falls 43 paise to 95.61 against US dollar (via Business-Today)

Keep Reading

Recommended Stories

More in Trade →

India's mango exports reach 45 countries; US shipments likely to grow over 30% this season: APEDA

India's mango exports reach 45 countries; US shipments likely to grow over 30% this season: APEDA

India's mango exports have reached more than 45 countries this season, with shipments to the United States already surpassing last year's full-season volumes nearly a month before the season ends. APEDA Chairman Abhishek Dev said exports to the US are on track to grow by more than 30% this season, driven by promotional campaigns in major US cities. Overall agricultural and processed food exports reached $53 billion last financial year, and India's export basket has diversified from around 280 to nearly 500 products over the past decade.

Trump Says US Can ‘Soon’ Reimpose Russian Oil Sanctions After Strait of Hormuz Reopens

Trump Says US Can ‘Soon’ Reimpose Russian Oil Sanctions After Strait of Hormuz Reopens

US President Donald Trump announced the US will soon reimpose sanctions on Russian oil shipments after crude flows resumed through the Strait of Hormuz following a deal with Iran. The remarks came at the G7 summit in France, where leaders discussed increasing pressure on Moscow over the Ukraine war.

U.S. Military Uses Iranian Smuggling Tactic for Gulf Oil Transfers Amid Strait Closure

U.S. Military Uses Iranian Smuggling Tactic for Gulf Oil Transfers Amid Strait Closure

The U.S. military has conducted scores of ship-to-ship oil transfers off Fujairah and Sohar since early May, employing a shuttling technique previously used by Iran to evade sanctions. The operation, involving at least 92 ships, aims to maintain Gulf energy exports after Iran effectively closed the Strait of Hormuz, causing the biggest global energy supply disruption in history. An Apache helicopter involved in the mission was shot down by Iran on June 9.

India's gold imports surge 81.7% in April as duty hike fails to curb demand

India's gold imports surge 81.7% in April as duty hike fails to curb demand

India's gold imports jumped 81.7% year-on-year to $5.63 billion in April 2026, just before the government raised import duties on 13 May. Even after the duty hike, imports rose 34% in May to $3.42 billion, according to a GTRI report. The total effective tax burden now stands at about 18.4%.