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Rupee faces pressure near 96 as US yields rise

The Indian rupee is expected to test the key 96 per dollar support level amid rising US Treasury yields and higher oil prices. The Reserve Bank of India is anticipated to intensify market intervention to defend the threshold.

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A man counts Indian currency notes at a roadside currency exchange stall in the old quarters of Delhi, India, February 2, 2026. REUTERS/Anushree Fadnavis

The India rupee faces pressure on Tuesday morning, trading near the 96-per-dollar threshold amid rising United States yields and elevated Brent Crude Oil prices.
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