Rupee falls 13 paise to settle at 95.43 against U.S. dollar
The Indian rupee fell to 95.43 against the U.S. dollar due to rising global crude oil prices and geopolitical tensions. Despite the currency's decline, Fitch Ratings maintained India's sovereign credit rating at 'BBB-' with a stable outlook.
Why it matters
Fluctuations in the rupee and sovereign ratings are critical indicators of India's economic health and investor confidence amid global energy shocks.
The rupee declined 13 paise to settle at 95.43 (provisional) against the U.S. dollar on Tuesday (August 11, 2026), tracking a sharp rise in global crude oil prices amid geopolitical uncertainties.
However, recent foreign capital inflows provided some support to the local unit, forex traders said.
At the interbank foreign exchange market, the rupee opened at 95.38 against the U.S. dollar and traded in a very narrow range of 95.37-95.45. Eventually, it settled at 95.43 (provisional), down 13 paise from its previous close.
The rupee declined 13 paise to settle at 95.30 against the U.S. dollar on Monday (August 10, 2026).
"The rupee declined on a surge in crude oil prices and rising U.S. Treasury yields. Uncertainty over the deal between the U.S. and Iran also weighed on the rupee," Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.
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