New Delhi, April 10 -- After facing heavy selling in the first three months of 2026, the Indian rupee has bounced back marginally. The currency had earlier slipped sharply, breaching the 95 per US dollar mark following a flare-up in crude oil prices and massive selloff by foreign portfolio investors (FPIs) amid the raging West Asia conflict and fears of widening current account deficit.

The rupee has emerged as one of the weakest performers among major global currencies during the period.

Recently, the rupee has drawn support from the Reserve Bank of India's move to impose limits on banks' onshore FX net open positions, which forced lenders to sell dollars in the local market.

That said, it continues to trade above the 92 level and dow...