{"id":297468,"date":"2026-10-09T10:59:13","date_gmt":"2026-10-09T05:29:13","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=297468"},"modified":"2026-10-09T10:59:13","modified_gmt":"2026-10-09T05:29:13","slug":"rupee-today-09102026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/rupee-today-09102026\/","title":{"rendered":"Rupee Today Holds Near 96.7 After the RBI Rate Hike: What a Weak Currency Means for Importers, Exporters and Investors"},"content":{"rendered":"

Rupee today opened at 96.72 per dollar vs 96.78 on Thursday. Record low near 97. RBI repo rate 5.50% after a 25 bps hike. Nifty IT +3.43%. Data 10:23 am IST, 9 Oct 2026.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

Rupee today opened at 96.72 per dollar, a gain of 6 paise from Thursday’s close of 96.78, and trades within about 0.3% of its record low near 97. The currency fell sharply after the RBI raised the repo rate by 25 basis points to 5.50% on 7 October, and it is also pressured by oil near 100 dollars and expectations of a hawkish US Federal Reserve. Reports say the RBI likely sold dollars on Thursday to support the rupee. A weak rupee helps IT exporters but raises costs for importers, students abroad and travellers.<\/p>\n<\/p><\/div>\n

Rupee today is steady but fragile. It opened at 96.72 per dollar against Thursday’s close of 96.78, a gain of 6 paise, after a week in which it came within touching distance of the 97 mark. Market reports say the Reserve Bank of India likely sold dollars near Thursday’s open to slow the slide.<\/p>\n

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The currency’s level matters well beyond forex desks. It shapes the cost of imported oil, the earnings of IT exporters, the price of foreign education and the returns on overseas investments. This guide explains rupee today, why it is weak, who gains and loses, and the risks ahead.<\/p>\n

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