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The rupee plunged by 32 paise to 95.57 against the U.S. dollar successful aboriginal commercialized connected Thursday (June 11, 2026) pursuing a emergence successful planetary crude lipid prices arsenic hostilities betwixt the U.S. and Iran continued.
Heavy FII outflows, anemic home equity marketplace and a marginally stronger greenback further weighed connected the section unit.
At the interbank overseas speech market, the rupee opened astatine 95.55 against the U.S. dollar earlier dropping further to 95.57.
The section portion appreciated 16 paise to adjacent astatine 95.25 against the U.S. dollar connected Wednesday (June 10, 2026), amid apt involution from the Reserve Bank of India (RBI) to curb excessive volatility and forestall a further descent successful the home unit.
"The rupee had a weaker opening with lipid prices climbing aft Iran and the United States traded strikes. INR has enactment owed to dollar selling by state-run banks, apt connected behalf of RBI.
"Apart from lipid prices, the rupee volition person to contend with a tepid hazard environment, pursuing a further sell-off successful U.S. equities. While U.S. ostentation roseate to 4.2% year-on-year, the highest level successful much than 3 years, the halfway measurement accrued little than expected, leaving near-term Federal Reserve complaint expectations mostly unchanged," Aamir Makda, Commodity & Currency Analyst, Commodity Technical Research astatine Choice Broking, said.
Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was trading astatine 99.95, up 0.01%.
Brent crude, the planetary lipid benchmark, was trading higher by 1.65% astatine $94.64 per tube successful futures trade.
On the home equity marketplace front, Sensex declined 358.54 points to 73,624.64 successful aboriginal trade, portion Nifty was down 117 points to 23,098.30.
Foreign organization investors offloaded equities worthy ₹2,124.98 crore connected a nett ground connected Wednesday, according to speech data.
