Rupee falls 48 paise to 96.16 against U.S. dollar in early trade
The Indian rupee depreciated by 48 paise to 96.16 against the U.S. dollar amid rising geopolitical tensions in the Strait of Hormuz. Higher crude oil prices and investor flight to safe-haven assets have placed significant pressure on the Indian currency.
Why it matters
Currency depreciation increases import costs for India, potentially fueling inflation and impacting the broader domestic equity market.
The rupee depreciated 48 paise to 96.16 against the U.S. dollar in early trade on Tuesday (July 14, 2026), as heightened geopolitical uncertainty put pressure on most Asian currencies, including the rupee.
Forex traders said the rupee came under pressure due to a combination of factors—crude oil prices climbed on renewed geopolitical tensions, while demand for the U.S. dollar increased as investors moved toward safe-haven assets.
At the interbank foreign exchange market, the rupee opened at 95.95, then lost ground and touched 96.16, registering a fall of 48 paise from its previous close.
On Monday (July 13, 2026), the rupee depreciated 30 paise to close at 95.68 against the U.S. dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 101.17, down 0.06%.
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