The Hindu·3 min read·medium
Rupee settles on flat note, up 2 paise at 95.20 against U.S. dollar
P
PTI
✦AI Summary
The Indian rupee remained largely flat against the U.S. dollar, closing at 95.20 amid geopolitical uncertainty regarding Iran and Oman. Market sentiment was further dampened by a drop in domestic equity indices and rising crude oil concerns.
The rupee settled on a flat note on Friday (August 7, 2026), higher by just 2 paise at 95.22 (provisional) against the U.S. dollar, on heightened risk aversion due to fragile negotiations between Iran and Oman over the Strait of Hormuz.
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