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Indian rupee strengthens against dollar on Monday
Mar-30-2026

Indian rupee strengthened against the U.S. dollar on Monday after Reserve Bank of India capped down the Net Open Position (NOP-INR) for banks at $100 million, with compliance required by April 10. Further, traders ignored the foreign capital outflows and high global crude oil prices. The foreign institutional investors have sold securities worth Rs 4,367.30 crore on Friday’s session. Besides, the brent crude oil prices surged to trade near $115 per barrel mark amid rising energy supply disruption from West Asia. Meanwhile, Ministry of Statistics & Programme Implementation in its latest report has showed that Index of Industrial Production (IIP) recorded a 5.2% (Quick Estimate) year-on-year growth in February 2026, which is slightly higher than 5.1% growth in the month of January 2026. On the global front, the euro has weakened against the U.S. dollar on Monday to trade near $1.15 as escalating West Asia conflict raised risk averse sentiments. 

Finally, the rupee ended at 94.70 (Provisional), strengthened by 15 paise from its previous close of 94.85 on Friday. The currency touched a high and low of 95.22 and 93.57 respectively.

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