
Sep 1, 2026
✦Business Line
Rupee at 2-month high on FCNR (B) deposit inflows, RBI intervention
The rupee closed at a two-month high of 94.95 per US dollar on Tuesday. Strong FCNR (B) deposit inflows and RBI intervention helped the currency gain 21 paise. Abhishek Bisen noted, “FCNR (B) deposit flows more than offset the pressure from Brent crude prices.” The market remains cautious amid global tensions.