Rupee falls 39 paise to 95.77 against U.S. dollar in early trade

admin — Mon, 13 Jul 2026 05:33:00 +0000

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The rupee fell 39 paise to 95.77 against the American currency in early trade on Monday (July 13, 2026) weighed down by elevated crude oil prices.

Forex traders said with Brent oil prices rising over $79 a barrel, the Indian rupee is expected to open weaker at 95.53 levels after Iran declared the Strait of Hormuz as closed.

At the interbank foreign exchange market, the rupee opened at 95.72, then touched 95.77 against the U.S. dollar, registering a loss of 39 paise from its previous close.

On Friday (July 10, 2026), the rupee rose 9 paise to settle at 95.38 against the U.S. dollar.

“The renewed fighting between the US and Iran revived fears of a major disruption to global Crude supplies,” said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.12, up 0.17%.

Meanwhile, Brent crude, the global oil benchmark, was trading higher by 4.05% at $79.09 per barrel in futures trade.

“Brent oil prices rose by more than 4% this Monday morning, rising to $79.25 per barrel as Iran announced the closure of the Strait of Hormuz. The latest rally came after Iran on Sunday expanded missile and drone attacks to Gulf states and the UAE in retaliation for U.S. strikes,” Mr. Bhansali added.

On the domestic equity market front, Sensex tanked 616.15 points to 76,946.97 in early trade, while the Nifty dropped 190.50 points to 24,015.

Foreign institutional investors purchased equities worth ₹2,603.72 crore on a net basis on Friday (July 10, 2026), according to exchange data.

On the domestic macroeconomic front, the Reserve Bank of India on Friday (July 10, 2026) said the country’s forex reserves jumped USD 7.26 billion to USD 674.193 billion during the week ended July 3.

In the previous reporting week, the forex kitty had dropped by U$5.654 billion to $666.933 billion.

Published – July 13, 2026 11:03 am IST

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Rupee falls 8 paise to hit all-time low of 84.50 against US dollar

admin — Thu, 21 Nov 2024 10:50:10 +0000

The rupee depreciated 8 paise to settle at an all-time low of 84.50 (provisional) against the U.S. dollar
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The rupee depreciated 8 paise to settle at an all-time low of 84.50 (provisional) against the U.S. dollar on Thursday (November 21, 2024), dragged down by massive sell-off in domestic equity markets and surging crude oil prices amid a volatile geopolitical situation.

According to forex traders, the American currency strengthened due to safe-haven appeal amid escalating tension between Russia and Ukraine, while the continuous outflow of foreign funds also put pressure on the domestic unit.

At the interbank foreign exchange, the rupee opened at 84.41 and touched the lowest-ever level of 84.51 against the greenback during intra-day. The unit ended the session at 84.50 (provisional) against the dollar, surpassing its previous all-time low closing level of 84.46 recorded on November 14.

On Tuesday (November 19, 2024), the rupee settled flat at 84.42 against the U.S. dollar.

The foreign exchange market was closed on Wednesday (November 20, 2024) due to assembly elections in Maharashtra.

Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, said the rupee weakened as pressure mounted due to the dollar scaling higher above 106.65 amidst renewed global uncertainties with geopolitical tensions between Russia and Ukraine adding to global risk aversion.

At the same time, the sell-off in domestic equity markets was fuelled after the Adani Group faced bribery and fraud charges in the US. “This has further fuelled FII outflows, continuing the trend of capital flight from Indian markets,” Mr. Trivedi said.

“The rupee’s trading range is expected between 84.35 and 84.65, with continued weakness likely in the near term,” Mr. Trivedi added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading higher by 0.04% at 106.66.

Brent crude, the global oil benchmark, surged by 1.35% to $73.93 per barrel in futures trade.

In the domestic equity market, the 30-share BSE Sensex tumbled 422.59 points, or 0.54%, to close at 77,155.79 points, while Nifty tanked 168.60 points, or 0.72%, to settle at 23,349.90 points.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday (November 19, 202), as they offloaded shares worth ₹3,411.73 crore, according to exchange data.

Published – November 21, 2024 04:20 pm IST

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Rupee falls 39 paise to 95.77 against U.S. dollar in early trade

Rupee falls 8 paise to hit all-time low of 84.50 against US dollar