Rupee slumps 38 paise to close at 95.46 against US dollar
The Indian rupee depreciated to 95.46 against the US dollar, driven by rising global crude oil prices and foreign portfolio outflows. Despite the decline, analysts note that the currency is supported by strong domestic growth and significant foreign exchange reserves.
Why it matters
Currency fluctuations impact import costs and inflation, making them a key indicator of macroeconomic health for emerging markets.
The rupee depreciated 38 paise to close at 95.46 (provisional) against the U.S. dollar on Thursday (September 10, 2026), as Brent crude breached the $102 threshold, mounting concerns over the country’s import cost trajectory.
Forex traders said the currency is currently facing opposing forces, with downside pressure driven by a resumption of foreign portfolio outflows, following positive flows in July and August and crude oil trading above $102 per barrel.
At the interbank foreign exchange market, the rupee opened at 95.15 against the U.S. dollar, then lost ground to close at 95.46 (provisional) against the American currency, registering a loss of 38 paise from its previous close.
On Wednesday (September 9, 2026), the rupee slumped 34 paise to close at 95.08 against the American currency.
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