Rupee slumps 38 paise to close at 95.92 against U.S. dollar
The Indian rupee depreciated by 38 paise to close at 95.92 against the U.S. dollar on September 15, 2026. This decline was driven by rising global crude oil prices, geopolitical tensions in West Asia, and a strong U.S. dollar.
Why it matters
A weakening rupee increases import costs for India, particularly for oil, which can exacerbate domestic inflation and impact the country's trade balance.
The rupee depreciated 38 paise to close at 95.92 (provisional) against the U.S. dollar on Tuesday (September 15, 2026), weighed down by escalating West Asia conflict and soaring Brent crude oil prices, which hit $108 per barrel.
Forex traders said surging dollar demand from oil importers has sparked fresh concerns over inflation and India's external trade balance.
Moreover, weak domestic markets, a strong US dollar and worries over rising global treasury yields further dented investor sentiment.
At the interbank foreign exchange market, the rupee opened at 95.84 against the U.S. dollar, then lost ground and closed at 95.92 (provisional) against the American currency, down 38 paise from its previous close.
On Friday (September 11, 2026), the rupee had settled at 95.54 against the American currency.
Forex and equity markets were closed on Monday (September 14, 2026) on account of Ganesh Chaturthi.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in