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₹ may stay under 95/$ till Sep
Business Standard
|June 08, 2026
After witnessing a 4.17 per cent depreciation against the dollar since the onset of US-Iran war in the last week of February, the rupee is expected to trade around 94.88 per dollar by September-end, according to the median of a Business Standard poll.
The majority of the respondents expect the local currency to retain an appreciation bias over the coming quarter as the impact of the announced measures gradually translates into stronger capital inflows.
The rupee on Friday surged by 0.9 per cent to witness its highest single day gain in the two months since April 2, after the Reserve Bank of India (RBI) announced measures to attract foreign flows. It also marked the rupee’s third highest single day gain in the current calendar year.
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