Rupee falls 16 paise to close at 95.24 against U.S. dollar
The Indian rupee depreciated by 16 paise to close at 95.24 against the U.S. dollar, driven by a stronger dollar index and rising U.S. treasury yields. Analysts suggest that lower crude oil prices are providing a buffer against further volatility.
Why it matters
Currency fluctuations impact India's import costs, inflation, and overall macroeconomic stability.
The rupee depreciated 16 paise to close at 95.24 (provisional) against the U.S. dollar on Thursday (August 6, 2026), on slight gains in the U.S. Dollar Index and a modest increase in U.S. treasury yields.
Forex traders said the rupee was pressured by a slight recovery in the U.S. dollar index and foreign fund outflows, even as lower crude oil prices provided some underlying support.
At the interbank foreign exchange market, the rupee opened at 95.13 against the greenback and traded in a range of 95.12-95.24 during the session. It eventually settled at 95.24 (provisional), lower by 16 paise from its previous close.
On Wednesday (August 5, 2026), the rupee gained 20 paise to settle at 95.08 against the U.S. dollar. "Indian rupee declined today on a slight bounce in the U.S. dollar index and modest gains in the U.S. treasury yields.
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