The Hindu·2 min read·medium
Rupee declines 20 paise to 95.16 against U.S. dollar in early trade
P
PTI
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The Indian Rupee depreciated against the U.S. dollar as rising geopolitical tensions in the Middle East pushed crude oil prices higher. Domestic equity markets also saw a decline, reflecting broader investor anxiety.
The rupee slipped 20 paise to 95.16 against the greenback in early trade on Wednesday (July 8, 2026) as the U.S. launched fresh strikes on Iran after Tehran struck three ships in the Strait of Hormuz, pushing up crude oil prices and strengthening the dollar.
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