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Indian rupee falls intraday to 95.70 against US dollar from 95.36, pressured by stalled Iran-US talks, stronger dollar and higher crude.
Rupee fell 34 paise on Wednesday
The Indian rupee fell 34 paise intraday on Wednesday to touch the day’s high at 95.70 against the US dollar from the previous day’s close at 95.36. The rupee weighs down on stalled Iran-US peace negotiations, strengthening the US dollar and driving up crude oil prices.
The rupee has rebounded slightly after falling substantially during the last few months. The Indian currency is the worst-performing currency in the Asia region, with a 9 per cent drop in 2026. It earlier hit the lowest at 96.95 against US dollars.
Brent crude rose 1.19% to $97.14 per barrel, while WTI crude gained 1.25% to $94.93 on Wednesday, as concerns over stalled Iran-US peace negotiations fueled fears of tighter global oil supplies. The sharp rise in crude prices added pressure on oil-importing countries such as India, weighing on the rupee and raising concerns about higher import costs and inflation.
About the Author
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the I…Read More
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