Rupee falls 6 paise to 95.28 against U.S. dollar in early trade
The Indian rupee depreciated by 6 paise to 95.28 against the U.S. dollar in early trade on Friday. The decline is attributed to a stronger dollar, rising U.S. treasury yields, and increased demand for oil.
Why it matters
Currency fluctuations impact inflation and import costs, serving as a key indicator of India's macroeconomic stability.
The rupee traded in a narrow range and depreciated 6 paise to 95.28 against the U.S. dollar in early trade on Friday (August 7, 2026), tracking a firmer dollar and a rise in U.S. treasury yields.
Forex traders said dollar demand from importers and profit-taking after the rupee's recent appreciation appear to have outweighed the favourable global backdrop.
At the interbank foreign exchange market, the rupee opened at 95.27, then touched 95.28 against the American currency, registering a fall of 6 paise from its previous close.
On Thursday (August 6, 2026), the rupee depreciated 14 paise to close at 95.22 against the U.S. dollar.
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