Forex

Rupee Tumbles to New Low Against Dollar Amid Global Uncertainty

Guavy AI Editorial Team Published August 18, 2026

Instruments

USD

The Indian rupee depreciated further against the US dollar on Tuesday, settling at 95.74 after losing 13 paise in value.

The decline was attributed to elevated crude oil prices and lingering geopolitical tensions in West Asia.

Forex traders observed that the USD/INR pair is likely to trade with a slight negative bias due to the delay in the deal between the US and Iran, rising crude oil prices, and broader dollar support.

The Wire

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