Rupee falls 7 paise to close at 95.68 against U.S. dollar
The Indian rupee depreciated by 7 paise to close at 95.68 against the U.S. dollar, driven by rising global crude oil prices and geopolitical tensions in West Asia. Market sentiment was further dampened by significant foreign institutional investor selling and weak global economic cues.
Why it matters
Currency fluctuations and oil price volatility directly impact India's inflation rates and foreign investment stability.
The rupee depreciated 7 paise to close at 95.68 (provisional) against the U.S. dollar on Tuesday (August 18, 2026), weighed down by elevated crude oil prices and lingering geopolitical tensions in West Asia.
Forex traders said the USD/INR pair is likely to trade with a slight negative bias, pressured by the delay in the deal between the U.S. and Iran, rising crude oil prices and broader dollar support.
At the interbank foreign exchange, the rupee opened at 95.68 against the greenback and traded in a range of 95.64-95.69 during the session. It eventually settled at 95.68 (provisional), lower by 7 paise from its previous close.
On Monday (August 17, 2026), the rupee depreciated 19 paise to close at 95.61 against the U.S. dollar.
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