Rupee falls 8 paise to 95.38 against U.S. dollar in early trade
The Indian rupee depreciated against the U.S. dollar as global market uncertainty persists due to the ongoing crisis in West Asia. Rising crude oil prices and a decline in domestic equity markets have placed downward pressure on the currency.
Why it matters
Fluctuations in the rupee reflect the vulnerability of emerging market currencies to geopolitical instability and energy price volatility.
The rupee fell 8 paise to 95.38 against the U.S. dollar in early trade on Tuesday (August 11, 2026) amid no breakthrough in the ongoing West Asia crisis, which kept global markets on edge and pushed up crude oil prices overnight.
A decline in domestic equity markets in early trade maintained pressure on the local unit while FII inflows and intervention by the Reserve Bank of India (RBI) provided support, preventing a further slide, forex traders said.
At the interbank foreign exchange market, the rupee opened at 95.38 against the U.S. dollar and maintained that level till the time of publishing the copy.
The rupee declined 13 paise to settle at 95.30 against the U.S. dollar on Monday (August 10, 2026).
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