Rupee falls 19 paise to close at 95.61 against U.S. dollar
The Indian rupee depreciated by 19 paise to close at 95.61 against the U.S. dollar on Monday. The decline was driven by weak domestic equity markets, rising crude oil prices, and investor caution regarding RBI's FCNR(B) deposit swap facility.
Why it matters
Currency fluctuations impact inflation and the cost of imports, serving as a key indicator of India's macroeconomic stability.
The rupee depreciated 19 paise to close at 95.61 (provisional) against the U.S. dollar on Monday (August 17, 2026), amid weak domestic equity markets and a surge in crude oil prices.
Forex traders said the USD/INR pair is likely to trade with a slight negative bias, pressured by the delay in the deal between the U.S. and Iran, rising crude oil prices and broader dollar support.
Moreover, investors' sentiment turned cautious after the Reserve Bank of India on August 14 said that its swap facility for FCNR (B) deposits will be available only for deposits mobilised till August 31.
At the interbank foreign exchange market, the rupee opened at 95.50 against the greenback and traded in a range of 95.49-95.62 during the session. It eventually settled at 95.61 (provisional), lower by 19 paise from its previous close.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in