RUPEE OPENS 5 PAISE LOWER AT RS 91.65 AGAINST DOLLAR, OIL CONTINUES TO RISE ON WORSENING US-IRAN WAR

The rupee opened 5 paise lower on March 6, as sentiment remained fragile with West Asia conflict showing no signs of abating and crude continuing its upward march over supply concerns.

The rupee opened at Rs 91.65 against the dollar after closing the previous session at 91.60. On March 5, the rupee rose risen from a record lows on likely intervention by the Reserve Bank of India (RBI) in, traders said.

They remain sceptical about sustainability of the rupee rally, with benchmark Brent prices remaiing high. The Brent was trading at $84.46 to a barrel.

Investors are now moving towards safe assets such as the dollar and gold, putting pressure on emerging market economies.

Market participants expect the RBI to intervene in the markets as and when needed to protect the rupee and arrest a sharp fall in the currency.

“We wait for the RBI's actions in keeping the rupee up while the dollar has been well bid on haven demand. Exporters need to wait for selling above Rs 92, while importers can buy the dips towards Rs 91.10 if we can get the same due to the RBI’s selling,” analysts at Finrex Treasury Advisors said.

2026-03-06T04:02:28Z