The Indian rupee appreciated by 56 paise to settle at 95.18 against the US dollar on Friday, June 5, 2026, following the Reserve Bank of India's (RBI) monetary policy announcement. At the interbank foreign exchange market, the domestic currency opened at 95.72, then touched an intraday high of 94.89 before finally closing the session at 95.18.
RBI Policy Impact
The rupee's gain came after the RBI's policy decision, which provided support to the currency. The central bank's stance and measures were closely watched by market participants, leading to increased demand for the rupee.
Market Dynamics
The rupee's movement was also influenced by global cues and dollar demand. The currency opened stronger than the previous close and maintained its upward trajectory throughout the day, reflecting positive sentiment in the forex market.
Analysts noted that the RBI's policy helped stabilize the rupee, which had been under pressure in recent sessions. The 56-paise gain marks a significant recovery for the Indian currency.
