The Hindu·2 min read·medium
Rupee falls 34 paise to close at 96.59 against U.S. dollar
P
PTI
✦AI Summary
The Indian rupee fell to 96.59 against the U.S. dollar, driven by rising global oil prices and geopolitical tensions in the Middle East. Analysts warn that the currency may face further downward pressure if oil prices remain elevated.
The rupee depreciated by 34 paise to close at 96.59 (provisional) against the U.S. dollar on Wednesday (July 22, 2026), weighed down by surging crude oil prices and heightened geopolitical uncertainty.
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