Rupee falls 2 paise to settle at 95.76 against U.S. dollar
The Indian Rupee depreciated by 2 paise to settle at 95.76 against the U.S. dollar, pressured by rising global crude oil prices and domestic equity market declines. Analysts suggest that while the currency remains weak, India's adequate forex reserves prevent a sharp collapse.
Why it matters
Currency fluctuations impact inflation and the cost of imports, serving as a key indicator of national economic health.
The rupee fell 2 paise to close at 95.76 (provisional) against the U.S. dollar on Wednesday (August 19, 2026) as a sharp rise in global crude oil prices amid heightened tensions in West Asia kept markets on edge.
A sharp decline in domestic equity markets put further pressure on the local unit, while RBI intervention and foreign fund inflows lent support, according to forex traders.
At the interbank foreign exchange, the rupee opened at 95.72 and traded in a very narrow range of 95.72-95.76. It eventually settled at 95.76 (provisional), down 2 paise from its previous close.
The rupee depreciated 13 paise to close at 95.74 against the U.S. dollar on Tuesday (August 18, 2026) .
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