MUMBAI — October 09, 2026: The Indian Rupee traded near 96.55 per US Dollar on Friday, holding steady against broader Asian currency headwinds as the Reserve Bank of India (RBI) continued proactive market interventions via state-run banks.
RBI Stabilizes FX Volatility Amid Crude Moves
Despite Brent crude fluctuating near $98–$100 per barrel and foreign institutional investor (FII) equity outflows, heavy dollar liquidity support from the central bank in spot and NDF markets kept USD/INR confined within a defined range between 96.12 and 96.75.
Key Technical Indicators for USD/INR
Technical charts show the pair maintaining a bullish bias above the 20-day exponential moving average at 96.12, with major resistance standing near the all-time high barrier at 97.00. Traders now look to upcoming domestic CPI figures next week for fresh directional cues.
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