Rupee Slumps 38 Paise to Close at 95.92 Against U.S. Dollar

Nifty faces risk of retesting June lows as rising US yields and crude oil prices remain key headwinds

Nifty eventually closed 279.50 points lower at 23,118.60, marking its lowest closing level since April 6, 2026

Weekly Rupee View: Rupee turns weak again

The rupee weakens due to high US yields, FPI outflows, and rising crude oil prices, signalling a bearish outlook.

Rupee slumps 38 paise to close at 95.92 against U.S. dollar

Forex traders said surging dollar demand from oil importers has sparked fresh concerns over inflation and India's external trade balance

Rupee slumps 38 paise to close at 95.92 against US dollar

The rupee fell 38 paise to close at 95.92 against the US dollar on Tuesday. Escalating Middle East conflict and soaring Brent crude oil prices weighed on the currency. Surging dollar demand from oil importers raised inflation and trade balance concerns. Domestic markets weakened, while global treasury yields and a strong dollar dented sentiment. India's forex reserves, however, reached a record high of USD 785.706 billion.

Rupee falls 38 paise to 95.92 amid Middle East tensions

INTRO Rising crude oil prices and Middle East tensions pushed the rupee lower, as stronger dollar demand added pressure on currency markets. MUMBAI The Indian rupee fell 38 paise to close at 95.92 against the US dollar, pressured by escalating tensions in the Middle East, rising crude oil prices and a stronger dollar. The rupee […]