Rupee slips 13 paise to hit fresh lifetime low of 96.83 against U.S. dollar

admin — Wed, 20 May 2026 11:04:00 +0000

At the interbank foreign exchange market, the rupee opened at 96.89 against the U.S. dollar, then lost further ground. File
| Photo Credit: Reuters

Declining for the ninth consecutive session, the rupee depreciated 13 paise to close at a fresh lifetime low of 96.83 (provisional) against the U.S. dollar on Wednesday (May 20, 2026) as elevated global crude prices amid the West Asia crisis stoked inflation worries.

At the interbank foreign exchange market, the rupee opened at 96.89 against the U.S. dollar, then lost further ground to touch a record low of 96.95 and a high of 96.65, before settling at 96.83 (provisional), registering a fall of 13 paise over its previous close.

In the previous session, the rupee tumbled 50 paise to settle at 96.70 against the dollar.

“Indian rupee hit fresh lows on a strong dollar and a surge in U.S. treasury yields. U.S. 30-year treasury yields rose to a two-decade high, while the 10-year yields rose to a 16-month high.

“This led to inflation worries and sell-off in global markets, making the markets risk-averse,” said Anuj Choudhary, Research Analyst, Commodities Research at Mirae Asset Sharekhan.

“We expect the rupee to trade with a negative bias on risk aversion in the global markets amid inflation worries. A strong dollar and rising U.S. Treasury yields raised inflation concerns and trimmed rate cut expectations. USD/INR spot price is expected to trade in a range of ₹96.5 to ₹97.10,” he added.

The rupee’s sharp decline has emerged as one of the biggest economic warning signs for policymakers, investors and businesses. Once considered among Asia’s more stable currencies, the rupee has now become one of the worst-performing emerging market currencies this year, pressured by a toxic mix of expensive oil, capital outflows, widening trade deficits and a surging U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 99.42, higher by 0.09%.

Brent crude, the global oil benchmark, was trading down 2.77% at $109.95 per barrel in futures trade.

The U.S. Senate advanced legislation on Tuesday (May 19, 2026) that seeks to force President Donald Trump to withdraw from the Iran war, as a growing number of Republicans defied Trump’s wishes.

On the domestic equity market front, Sensex rose by 117.54 points to settle at 75,318.39, and Nifty was up 41 points to 23,659.

Foreign Institutional Investors turned net sellers after three sessions of buying and offloaded equities worth ₹2,457.49 crore on Tuesday (May 19, 2026), according to exchange data.

Published – May 20, 2026 04:34 pm IST

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Rupee rises 25 paise to close at 86.33 against U.S. dollar

admin — Wed, 22 Jan 2025 11:17:38 +0000

A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad.
| Photo Credit: REUTERS

The rupee appreciated 25 paise to close at 86.33 (provisional) against the U.S. dollar on Wednesday (January 22, 2025), supported by positive domestic equities and soft U.S. dollar index.

Forex traders said the rupee is likely to witness high volatility with a negative bias ahead of key events in the global and domestic economic landscape.

Moreover, the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge.

At the interbank foreign exchange, the rupee opened at 86.56 against the greenback. During the day, the local unit touched an intraday high of 86.30 and a low of 86.71.

It finally closed at 86.33 (provisional) against the U.S. dollar, up 25 paise from its previous close.

On Tuesday (January 21, 2025), the rupee fell 13 paise to 86.58 against the U.S. dollar.

“We expect the rupee to remain largely weak on underlying strength in the U.S. dollar and overall weakness in the domestic markets. Importer demand for dollars may also pressurise the rupee. However, any extended sell-off in crude oil may support the rupee at lower levels,” Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan, said.

Mr. Choudhary further noted that markets may see some volatility on incoming statements and announcements by the Trump administration. “USD-INR spot price is expected to trade in a range of 86.20 to 86.65,” he added.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading down 0.15% to 107.89 as traders pondered over the Trump Tariff Plan.

Brent crude, the global oil benchmark, rose 0.48% to $79.67 per barrel in futures trade.

Crude oil prices had fallen due to fears of tough US policies and had touched $78 per barrel, a 4% decline from recent highs following President Trump’s mention of increasing U.S. oil output.

In the domestic equity market, the 30-share BSE Sensex rose 566.63 points, or 0.75%, to settle at 76,404.99 points, while the Nifty rose 130.70 points, or 0.57%, to 23,155.35 points.

Foreign Institutional Investors (FIIs) remained net sellers in the capital markets on Tuesday, as they offloaded shares worth ₹5,920.28 crore, according to exchange data.

Published – January 22, 2025 04:47 pm IST

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rupee value against us dollar – Artifex.News

Rupee slips 13 paise to hit fresh lifetime low of 96.83 against U.S. dollar

Rupee rises 25 paise to close at 86.33 against U.S. dollar