Rupee falls 62 paise to close at 96.30 against U.S. dollar
The Indian rupee depreciated by 62 paise to close at 96.30 against the U.S. dollar on July 14, 2026, pressured by rising crude oil prices and geopolitical tensions. The decline was further exacerbated by a widening trade deficit and a significant sell-off in the domestic equity markets.
Why it matters
The weakening rupee increases the cost of essential imports like crude oil, which can fuel domestic inflation and impact India's overall macroeconomic stability.
The rupee depreciated 62 paise to close at 96.30 (provisional) against the U.S. dollar on Tuesday (July 14, 2026), amid a surge in crude oil prices and renewed geopolitical concerns.
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 and settled for the day at 96.30 (provisional), down 62 paise from its previous closing.
On Monday , 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 101.07, down 0.16%.
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