Rupee falls 18 paise to close at 95.34 against U.S. dollar
The Indian rupee depreciated by 18 paise to close at 95.34 against the U.S. dollar on Thursday. Despite lower crude oil prices, the currency faced pressure due to robust dollar demand from importers and foreign institutional investor outflows.
Why it matters
Currency fluctuations impact inflation and import costs, serving as a key indicator of economic health and investor sentiment in emerging markets.
The rupee pared initial gains and settled for the day on a negative note, lower by 18 paise at 95.34 (provisional) against the U.S. dollar on Thursday (July 2, 2026), as the support from easing crude oil prices was negated by robust dollar demand from importers and corporate hedgers.
The article provides a standard financial market report based on objective data and analyst commentary.
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