The rupee depreciated 48 paise to 96.16 against the U.S. dollar in early trade on Tuesday (July 14, 2026), as heightened geopolitical uncertainty put pressure on most Asian currencies, including the rupee.

Forex traders said the rupee came under pressure due to a combination of factors—crude oil prices climbed on renewed geopolitical tensions, while demand for the U.S. dollar increased as investors moved toward safe-haven assets.

At the interbank foreign exchange market, the rupee opened at 95.95, then lost ground and touched 96.16, registering a fall of 48 paise from its previous close.

On Monday (July 13, 2026), the rupee depreciated 30 paise to close at 95.68 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.17, down 0.06%.

Brent crude, the global oil benchmark, was trading higher by 2.02% at $84.98 per barrel in futures trade amid concerns over disruptions to supplies through the Strait of Hormuz.

“India being a major oil importer, higher crude prices remain negative for the rupee”, said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.

Mr. Bhansali further said higher oil import costs have raised concerns about India’s currency account and trade balance, weighing further on the currency.

On the domestic equity market front, the BSE Sensex declined 0.42% to 77,294.12 while the Nifty was down 0.64% at 24,144.60.

Foreign Institutional Investors on Monday (July 13, 2026), offloaded equities worth ₹3,062.27 crore in the domestic equity market, according to exchange data.

The rupee depreciated 15 paise to close at 89.86 (provisional) against the U.S. dollar on Friday (December 26, 2025), tracking a negative trend in domestic equities and foreign fund outflows.

Forex traders said a recovery in crude oil prices, significant dollar demand from importers, and risk-off sentiment amid trade deal uncertainties further dented investor sentiment.

At the interbank foreign exchange, the rupee opened at 89.84 against the U.S. dollar, then touched an intra-day low of 89.94, registering a 23-paise loss from its previous close.

At the end of the trading session on Friday (December 26, 2025), the rupee pared some of its losses and was quoted at 89.86 (provisional), down 15 paise from its previous close.

On Wednesday (December 24, 2025), the rupee pared initial gains and settled for the day lower by eight paise at 89.71 against the US dollar.

Forex and equity markets were closed on Thursday (December 25, 2025) for Christmas.

Forex traders said the USD/INR pair is trading under pressure due to multiple factors, including a shift toward risk aversion, driven by persistent capital withdrawals from foreign investors ahead of the holiday break, alongside heightened greenback demand from importers.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.10 per cent higher at 98.07.

Brent crude, the global oil benchmark, was trading 0.26% higher at $62.41 per barrel in futures trade.

On the domestic equity market front, Sensex dropped 367.25 points to settle at 85,041.45, while the Nifty declined 99.80 points to 26,042.30.

Foreign institutional investors offloaded equities worth ₹1,721.26 crore on Wednesday, according to exchange data.