Rupee falls 11 paise to close at 95.28 against U.S. dollar on firm crude oil prices
The Indian rupee fell 11 paise to close at 95.28 against the U.S. dollar due to rising global crude oil prices and uncertainty regarding U.S.-Iran talks. Despite the currency's decline, domestic equity markets showed marginal gains supported by positive foreign institutional investor inflows.
Why it matters
Currency fluctuations and oil prices significantly impact India's trade deficit and overall economic stability.
The rupee declined by 11 paise to settle at 95.28 (provisional) against the U.S. dollar on Monday (August 10, 2026) amid a firm greenback and a rise in global crude oil prices.
Lack of any breakthrough in talks in West Asia put further pressure on the local unit, while FII inflows provided some support, forex traders said.
At the interbank foreign exchange market, the rupee opened at 95.18 and traded in a narrow range of 95.18-95.31 during the day. The local unit settled at 95.28 (provisional), down 11 paise from its previous close of 95.17 on Friday (August 7, 2026).
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