# Rupee Stabilizes at 95.77 per Dollar

> Rupee jumps 1% to 95.77 per dollar as RBI tightens forex rules.
- Title: Rupee Stabilizes at 95.77 per Dollar · Financialexpress
- Summary: Rupee jumps 1% to 95.77 per dollar as RBI tightens forex rules. The rupee rose 1% to 95.77 per dollar after RBI measures to curb dollar demand and raise…
- Keywords: rupee, dollar, rbi, forex, hedging, currency, business, money, news, Stabilizes, Financialexpress
- Source: Financialexpress — https://financialexpress.com/policy/economy/rupee-opens-firm-at-95-77-per-dollar/4358963
- Author: FE Business
- Published: 2026-10-12T03:35:30+00:00
- Read time: 1 min
- Topics: rupee, dollar, rbi, forex, hedging, currency, business, money, news
## Rupee jumps 1% to 95.77
The rupee jumped 1% to 95.77 against the dollar in early trade on Monday, compared with Friday’s closing level of 96.73 per dollar.
## RBI tightens forex rules
The Reserve Bank of India barred users from rebooking cancelled rupee-linked foreign exchange derivative contracts, slashed transaction thresholds, and required 20% cash against certain FX contracts.
## RBI measures curb dollar demand
The RBI’s measures are expected to temper corporate dollar demand and shift oil marketing companies to buy dollars directly from the central bank.
## Dollar index near 18-month peak
The dollar index held ground near 102.14, its strongest level in 18 months, as Middle East conflict kept investors wary ahead of US inflation data.
## Oil prices swing amid conflict
Oil prices swung between gains and losses after Yemen’s Iran-backed Houthis stepped up strikes on Saudi Arabia while two tankers were attacked.
## Key takeaway

The rupee rose 1% to 95.77 per dollar after RBI measures to curb dollar demand and raise hedging costs.