CURRENCY CHECK: RUPEE OPENS 46 PAISE HIGHER AT 94.92/$ AS CRUDE OIL PRICES EASE

The Indian rupee opened higher against the US dollar on August 5, with easing crude oil prices helping the domestic currency to break past the 95 level.

Indian rupee opened 46 paise higher at 94.92 per dollar on Wednesday versus previous close of 95.38.

Going forward, the rupee will continue to take direction from crude oil prices, the US Dollar Index, FII flows, and global geopolitical developments, said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

This week, the key focus will be on the RBI's monetary policy decision, where the central bank's forward guidance and policy tone will be closely watched for cues on the rupee's outlook. Technically, the rupee is expected to trade in the 95.00–95.75 range over the near term, he added.

Asian currencies traded mostly higher against the US dollar. The South Korean won emerged as the top performer, gaining 0.34%, followed by the Philippine peso (+0.31%), Taiwan dollar (+0.21%), Malaysian ringgit (+0.17%), and Japanese yen (+0.13%). The Chinese renminbi also edged higher by 0.09%, while the Singapore dollar was largely unchanged with a marginal 0.02% gain.

On the downside, the Indonesian rupiah slipped 0.17%, making it the weakest currency in the region, while the Thai baht remained almost flat, down 0.003% from its previous close.

The dollar held near six-week lows on fresh optimism over the Middle East. The U.S. dollar index, which tracks the currency against six major peers, was little changed at 99.85, struggling to find direction after hitting a six-week low on Monday.

2026-08-05T03:40:22Z