USD/INR jumps marginally above 95.00 (chart stamp 95.07) as oil surges on US–Iran tit-for-tat. PTI early trade: open 94.80, touch 94.95 (−21 paise from 94.74) — stamps quoted separately.
The Indian Rupee extends its decline against the US Dollar on Wednesday after a sharp correction the previous day, with the USD/INR pair jumping marginally above 95.00 as surging energy prices batter the currency. A separate daily-chart stamp puts USD/INR at 95.07. In the opening session, the MCX Crude Oil contract expiring on September 21 trades higher by over 2% to near Rs 8,920.
Rediff (PTI; Sep 9, 2026 09:50): at the interbank foreign exchange market, the rupee opened at 94.80 against the US dollar, then touched 94.95, registering a fall of 21 paise from its previous close. On Tuesday, the rupee fell 18 paise to close at 94.74. Brent was trading higher by 1.41% at USD 99.30 per barrel; the dollar index was at 98.76, lower by 0.03%. Those PTI prints are quoted separately from the above-95.00 / 95.07 stamps — not averaged.
IRGC ballistic missile strikes targeting the Al Azraq air base in Jordan after CENTCOM bombing of Iranian tankers in the Gulf of Oman are stamped via Al Jazeera. Kpler data via Reuters: commodity vessels sailing through Hormuz totalled seven on September 7, compared with eight the previous day — versus an average of 130–140 ships before the Middle East war started.
According to a Reuters report, while the Indian central bank was present in the market on Tuesday, traders said the intervention was not enough to prevent the Rupee from weakening.
Tuesday’s USD/INR ~94.68 and Monday’s open pack are prior tapes. Also Oil Asia Brent near $100 and CENTCOM five tankers.
Also see: USD/INR Hits Fresh 10-Day High at 95.31 as Oil Rally Extends INR Losing Streak.
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