Rupee falls 39 paise to 95.77 against U.S. dollar in early trade
The Indian rupee dropped 39 paise to 95.77 against the U.S. dollar following the closure of the Strait of Hormuz by Iran. Rising crude oil prices and geopolitical tensions between the U.S. and Iran have negatively impacted domestic financial markets.
Why it matters
Geopolitical instability in the Middle East is directly impacting global oil prices and the valuation of the Indian currency.
The rupee fell 39 paise to 95.77 against the American currency in early trade on Monday (July 13, 2026) weighed down by elevated crude oil prices.
The article provides market data and expert commentary on economic factors without political bias.
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