Rupee falls 10 paise to close at 94.95 against U.S. dollar
The Indian rupee depreciated by 10 paise to close at 94.95 against the U.S. dollar amid rising crude oil prices and geopolitical tensions. Market analysts are now focused on the upcoming RBI Monetary Policy Committee meeting.
Why it matters
Currency fluctuations and oil price surges directly impact inflation and the broader Indian economic outlook.
The rupee depreciated 10 paise to close at 94.95 (provisional) against the U.S. dollar on Monday (June 01, 2026), amid renewed geopolitical tensions between the U.S. and Iran and surge in crude oil prices . Forex traders said the strength of the American currency in the overseas market and Israel-Lebanon tensions also deteriorated global risk sentiments.
Standard financial reporting based on market data and analyst commentary.
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