Rupee loses 7 paise to settle at 95.95 against U.S. dollar
The Indian Rupee declined to 95.95 against the U.S. dollar, marking its seventh consecutive session of losses due to foreign fund outflows and a strong greenback. Rising crude oil prices and geopolitical tensions in West Asia continue to exert pressure on the currency.
Why it matters
Currency volatility impacts inflation and import costs, making it a critical indicator for the national economy.
The rupee stayed weak for the seventh consecutive session, declining 7 paise to 95.95 (provisional) against the U.S. dollar on Wednesday (September 16, 2026), tracking a strong greenback overseas and foreign fund outflows.
Forex traders said the rupee's slide was capped by positive domestic equity markets, even as crude oil prices remained elevated amid escalating U.S.-Iran conflict .
At the interbank foreign exchange market, the rupee opened at 95.89 and moved in the range of 95.85 to 95.98 against the greenback. The unit finally settled 7 paise lower at 95.95 (provisional) against the American currency.
The local unit ended 34 paise lower at 95.88 against the American currency on Tuesday (September 15), after weakening by 113 paise, or more than 1%, in the preceding five sessions since the closing level of 94.43 on September 4.
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