Rupee rebounds from lowest level to settle 45 paise higher at 91.60 against U.S. dollar

Rupee rebounds 45 paise to 91.60 against the dollar, aided by RBI intervention and a positive equity market trend.

The rupee rebounded from its lowest level and settled with a gain of 45 paise at 91.60 (provisional) against U.S. dollar on Thursday (March 5, 2026) on the back of a buying trend in domestic equity markets and reports of Reserve Bank intervention.

According to forex analysts, the Reserve Bank seems to have intervened to help the local currency from extreme volatility due to uncertainties on the ongoing war involving the U.S., Israel and Iran.

However, a firm dollar, rising crude oil prices and intense withdrawal of foreign funds kept the rupee under pressure, they said.

At the interbank foreign exchange, the rupee opened at 92.16 and touched an intraday high of 91.30 against the greenback. The currency ended the session at 91.60 (provisional) against the dollar, registering a gain of 45 paise from the previous closing level.

The Indian currency slumped 56 paise to close at its all-time low of 92.05 against 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 on account of Holi.

Anuj Choudhary, research analyst, Mirae Asset ShareKhan, said the rupee bounced back from record low levels on reports of intervention by the Reserve Bank of India and positive tone in the domestic markets. However, a strong dollar and surge in crude oil prices capped sharp gains.