The rupee depreciated 10 paise to shut at 93 (provisional) towards the U.S. greenback on Tuesday (April 7, 2026), as buyers remained on edge forward of U.S. President Donald Trump’s deadline for the opening of the Strait of Hormuz and the Reserve Financial institution’s financial coverage evaluate.

Foreign exchange merchants mentioned the USD/INR pair is buying and selling underneath stress, dragged down by unabated withdrawal of international capital, a agency greenback, and better crude oil costs amid a risky geopolitical scenario.

Furthermore, market individuals will stay watchful of evolving geopolitical headlines and the upcoming RBI financial coverage resolution.

On the interbank international alternate market, the rupee opened at 93.05 towards the U.S. greenback, then misplaced floor to commerce at 93.07, registering a fall of 17 paise from its earlier shut. In the course of the day, the rupee additionally touched an intraday excessive of 92.86 towards the dollar.

On the finish of Tuesday’s (April 7, 2026) buying and selling session, the rupee was quoted at 93.00 (provisional), down 10 paise from its earlier shut.

On Monday (April 6, 2026), the rupee gained 28 paise to shut at 92.90 towards the U.S. greenback on Monday (April 6, 2026), following the Reserve Financial institution’s measures to curb speculative fervour and dampen volatility within the Indian forex.

The RBI has tightened its guidelines to curb speculative positions and capped banks’ web open positions at $100 million.

In the meantime, the Reserve Financial institution’s rate-setting panel on Monday (April 6, 2026) began its three-day brainstorming session on the primary bi-monthly financial coverage of the fiscal yr. The choice of the six-member Financial Coverage Committee (MPC), headed by Reserve Financial institution Governor Sanjay Malhotra, shall be introduced on Wednesday (April 8, 2026).

The greenback index, which gauges the dollar’s energy towards a basket of six currencies, was down 0.15% at 99.83.

Brent crude, the worldwide oil benchmark, was buying and selling decrease by 1.97 per cent at USD 107.61 per barrel in futures commerce.

On the home fairness market entrance, Sensex jumped 509.73 factors to settle at 74,616.58, whereas the Nifty climbed 155.40 factors to 23,123.65.

Overseas Institutional Traders offloaded equities value ₹8,167.17 crore on Monday (April 6, 2026), in keeping with alternate knowledge.

In the meantime, U.S. President Donald Trump’s deadline for the opening of the Strait of Hormuz expires at this time, with Iran nonetheless not relenting on the ceasefire proposal.