The Hindu·3 min read·medium
Rupee falls 6 paise to 95.42 against U.S. dollar in early trade
P
PTI
✦AI Summary
The Indian Rupee depreciated against the U.S. dollar as global oil prices rose due to geopolitical tensions in the Strait of Hormuz. Market analysts suggest the currency may face further pressure if oil prices remain elevated.
The rupee fell 6 paise to 95.42 against the U.S. dollar in early trade on Wednesday (August 12, 2026), weighed down by the sharp rise in Brent crude toward $90/bbl, as hopes of a quick U.S.-Iran agreement and reopening of the Strait of Hormuz faded.
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