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The rupee depreciated 16 paise to close at 95.24 (provisional) against the U.S. dollar on Thursday (August 6, 2026), on slight gains in the U.S. Dollar Index and a modest increase in U.S. treasury yields.
Forex traders said the rupee was pressured by a slight recovery in the U.S. dollar index and foreign fund outflows, even as lower crude oil prices provided some underlying support.
At the interbank foreign exchange market, the rupee opened at 95.13 against the greenback and traded in a range of 95.12-95.24 during the session. It eventually settled at 95.24 (provisional), lower by 16 paise from its previous close.
On Wednesday (August 5, 2026), the rupee gained 20 paise to settle at 95.08 against the U.S. dollar. “Indian rupee declined today on a slight bounce in the U.S. dollar index and modest gains in the U.S. treasury yields.
“However, weak crude oil prices and hopes of a deal between the U.S. and Iran prevented a sharp fall,” said Anuj Choudhary, research analyst, Mirae Asset ShareKhan.
Mr. Choudhary further said that the rupee is likely to trade with a slight positive bias on a rise in risk appetite in global markets amid hopes of a deal between the U.S. and Iran.
“However, any bounce back in the dollar index and U.S. Treasury yields may cap sharp gains. Traders may take cues from weekly U.S. unemployment claims data. USD-INR spot price is expected to trade in a range of 94.80 to 95.50,” Mr. Choudhary said.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.78, down 0.11%.
Brent crude, the global oil benchmark, was trading higher by 0.09% at $79.52 per barrel in futures trade.
For India, Brent near $80 per barrel substantially reduces pressure on the import bill, inflation, and the current account compared with the $100+ levels seen in July, said Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP.
On the domestic equity market front, Sensex climbed 373.76 points to settle at 78,954.76, while the Nifty closed marginally up by 11.35 points to 24,636.
Foreign Institutional Investors turned to selling and offloaded equities worth ₹943.42 crore on a net basis on Wednesday (August 5, 2026), according to exchange data.
Published – August 06, 2026 04:43 pm IST
