Rupee gains 20 paise to 94.25 against dollar on softer crude

Mumbai: The rupee rose 20 paise to 94.25 against the U.S. dollar in early trade on Monday, June 29, 2026, drawing support from easing crude oil prices and improving foreign inflows.

Forex traders said the domestic currency opened on a positive note as lower oil prices eased pressure on India’s import bill. Improving foreign inflows also aided sentiment.

Despite the early gains, traders flagged headwinds. The U.S. dollar continues to hold firm near a 13-month high, while tepid investor risk appetite is keeping the rupee’s advance in check.

“The overall bias remains positive for the rupee, but the immediate hurdle is the dollar’s strength,” dealers said.