Rupee falls 27 paise to close at 95.65 against U.S. dollar
The Indian Rupee depreciated against the U.S. dollar due to rising crude oil prices and geopolitical tensions between the U.S. and Iran. Market analysts expect continued volatility as the conflict impacts global supply chains.
Why it matters
Currency fluctuations and oil price spikes directly impact India's inflation and macroeconomic stability.
The rupee depreciated 27 paise to close at 95.65 (provisional) against the U.S. dollar on Monday (July 13, 2026), weighed down by elevated crude oil prices after Iran declared the Strait of Hormuz closed.
Forex traders said renewed drone and missile strikes between the U.S. and Iran prompted supply concerns, while elevated crude oil prices and a strong greenback triggered capital outflows.
At the interbank foreign exchange market, the rupee opened at 95.72 against the American currency and traded in a range of 95.58-95.86 during the session.
The rupee finally closed at 95.65 (provisional), down 27 paise from its previous close.
On Friday, the rupee rose 9 paise to settle at 95.38 against the U.S. dollar.
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