Rupee rebounds from all-time low, gains 48 paise to 91.57 against U.S. dollar in early trade

Rupee rebounds 48 paise to 91.57 against the dollar amid equity gains, despite pressures from crude prices and foreign selling.

Rupee recovered from its lowest level and gained 48 paise to trade at 91.57 against the U.S. dollar in early trade on Thursday (March 5, 2026), tracking positive momentum in domestic equity markets.

However, higher crude oil prices, a strengthening American currency and intense selling of Indian equities by foreign investors amid escalating tension in the Middle East kept the local unit under pressure, forex analysts said.

At the interbank foreign exchange market, the rupee opened at 92.16 and touched a high of 91.30 before trading at 91.57 against the American currency, registering a gain of 48 paise from its previous closing level.

The Indian currency slumped 56 paise to close at its all-time low of 92.05 against the U.S. dollar on Wednesday (March 4, 2026), after logging a steep loss of 41 paise on Monday (March 2, 2026). The forex market was closed on Tuesday (March 3, 2026) on account of Holi.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.20% higher at 98.93.

Brent crude, the global oil benchmark, was up 2.78% at 83.66 per barrel in futures trade, after escalating threats of disruptions in the flow of crude through the Strait of Hormuz.