Rupee falls 3 paise to close at 95.74 against U.S. dollar
The Indian rupee depreciated by 3 paise to close at 95.74 against the U.S. dollar on August 24, 2026. The decline was driven by weak domestic equity markets and concerns over U.S. sanctions on Iran.
Why it matters
Currency fluctuations impact inflation, import costs, and overall investor sentiment in the Indian economy.
The rupee pared initial gains and settled for the day lower by 3 paise at 95.74 (provisional) against the U.S. dollar on Monday (August 24, 2026), on a positive American currency and weak domestic markets.
Forex traders said the USD/INR pair traded in a narrow range as rising Brent crude prices, persistent importer demand, and cautious sentiment over new U.S. sanctions targeting Iran weighed on investor sentiment.
At the interbank foreign exchange, the rupee opened at 95.65, then touched an intraday high of 95.64 and a low of 95.75 and finally settled for the day at 95.74 (provisional) against the greenback, lower by 3 paise from its previous close.
On Friday (August 21, 2026), the rupee settled higher by just 3 paise at 95.71 against the U.S. dollar.
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