Rupee Falls Against Dollar Amid Crude Price Surge
The Indian rupee depreciated by 7 paise to close at 95.68 against the U.S. dollar on Tuesday, August 18, 2026.
The decline was attributed to elevated crude oil prices and lingering geopolitical tensions in West Asia.
Forex traders predict that the USD/INR pair will trade with a slight negative bias due to the delay in the deal between the U.S. and Iran, rising crude oil prices, and broader dollar support.
Brent crude prices remained high at $90.88 per barrel, while the U.S. 10-year Treasury yield remained elevated.