# Rupee Slips 0.3% to 95.89 as Fed Hike and $104 Brent Test RBI’s 96 Red Line  - HDFCSky

> The rupee ended the week at 95.89 per dollar, down 0.3% week-on-week, as a hawkish Fed rate hike, Brent near four-month highs above $100, and sustained foreign portfolio outflows weighed on it. The RBI intervened repeatedly through state-run banks to defend 96 per dollar. The weekly range spanned 95.71 to 96.10.

- Date: 2026-09-19 · published 2026-09-19T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/17747-rupee-slips-0-3-to-95-89-as-fed-hike-and-104-brent-test-rbi-s-96-red-line
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rate-driven capital outflows and costly crude both pressure the rupee and push USD/INR toward the central bank's line. Continued RBI dollar sales drain reserves and tighten rupee liquidity.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-05-26 | [Rupee Slips As Oil Jumps And Rate Bets Build - Finimize](https://feedsoft.ai/events/19556-rupee-slips-as-oil-jumps-and-rate-bets-build-finimize.md) | -9.0% | -22.4% |
| BRENT | 2026-10-01 | [Rupee under pressure: Currency slips to 95.97 against US dollar](https://feedsoft.ai/events/17748-rupee-under-pressure-currency-slips-to-95-97-against-us-dollar.md) | +3.0% | +12.4% |
| BRENT | 2026-04-30 | [Rupee hits record low: Analysts flag 96-97 levels as oil, Fed stance weigh \| Markets News - Business Standard](https://feedsoft.ai/events/20009-rupee-hits-record-low-analysts-flag-96-97-levels-as-oil-fed-stance-weigh.md) | -15.3% | -21.9% |
| BRENT | 2026-10-29 | [Brent moves lower as US Fed maintains interest rates](https://feedsoft.ai/events/17041-brent-moves-lower-as-us-fed-maintains-interest-rates.md) | -5.4% | — |
| BRENT | 2019-09-16 | [Rupee plunges nearly 1%, RBI steps in to cut losses  - The Hindu](https://feedsoft.ai/events/57380-rupee-plunges-nearly-1-rbi-steps-in-to-cut-losses-the-hindu.md) | +6.6% | -0.3% |

## Sources

- hdfcsky.com: https://hdfcsky.com/news/rupee-slips-0-3percent-to-95-89-as-fed-hike-and-104-brent-test-rbis-96-red-line

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.