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Rupee inches up near 93 as import demand and oil hedges keep pressure on
Economy
Published on 24 April 2026
Forward premiums jump to multi year highs despite rupee rise
The rupee edged higher on Monday, holding within a tight range near 93 per dollar as banks unwound arbitrage positions. Still, dollar demand from importers and oil companies limited gains. The bigger signal was a surge in forward premiums to multi-year highs, reflecting heavy hedging needs. Analysts expect the pair to hover around 93 this week, largely driven by oil prices.
- Rupee gained slightly, moving in a narrow band around 93
- Importer and oil-related dollar demand capped further upside
- Forward premiums hit multi-year highs on rising hedging needs
- Near-term direction likely hinges on movements in oil prices
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times