# Rupee under pressure: Currency slips to 95.97 against US dollar

> The rupee slipped to 95.97 per dollar in early trade on Wednesday, pressured by dollar demand from state-run oil marketing companies and higher crude. State-run banks sold dollars on the RBI's behalf, holding USD/INR just below 96. Foreign portfolio outflows reached about $2.2 billion this month, and reserves fell $14.9 billion in the latest week to $766 billion. Brent was up 0.82% at $103.43.

- Date: 2026-10-01 · published 2026-10-01T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/17748-rupee-under-pressure-currency-slips-to-95-97-against-us-dollar
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Oil-related dollar demand and capital outflows keep upward pressure on USD/INR, while RBI sales limit the move. Reserve drawdowns signal the cost of defending the currency against energy shocks.

## Read by commodity

- BRENT: bullish ▲
- USDINR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-08-31 | [Rupee weakens 11 paise to 95.49 against dollar: What’s weighing on the currency - CNBC TV18](https://feedsoft.ai/events/18177-rupee-weakens-11-paise-to-95-49-against-dollar-what-s-weighing-on-the-currency.md) | +10.1% | +24.2% |
| BRENT | 2021-10-08 | [Rupee slumps 20 paise to close at 74.99 against U.S. dollar - The Hindu](https://feedsoft.ai/events/44867-rupee-slumps-20-paise-to-close-at-74-99-against-u-s-dollar-the-hindu.md) | +2.2% | -2.2% |
| BRENT | 2020-02-14 | [Rupee settles 6 paise lower at 71.37 against US dollar  - The Hindu](https://feedsoft.ai/events/54862-rupee-settles-6-paise-lower-at-71-37-against-us-dollar-the-hindu.md) | +5.5% | -43.0% |
| BRENT | 2023-08-01 | [Rupee falls 31 paise to 82.23 against the US dollar in early trade](https://feedsoft.ai/events/35313-rupee-falls-31-paise-to-82-23-against-the-us-dollar-in-early-trade.md) | +0.6% | -0.6% |
| BRENT | 2018-11-01 | [Rupee closes at fresh record low against dollar](https://feedsoft.ai/events/62809-rupee-closes-at-fresh-record-low-against-dollar.md) | -5.4% | -22.3% |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/rupee-under-pressure-currency-slips-to-95-97-against-us-dollar/articleshow/134581656.cms

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