Business
Archived — This article has been archived. The information may be outdated.
Rupee falls 20 paise to close at 95.38
The Hindu··6 Jul
The Indian rupee depreciated 20 paise to close at 95.38 against the US dollar on July 6, 2026, as a strengthening greenback weighed on emerging market currencies. At the interbank forex market the rupee opened at 95.25 and traded between 95.22 and 95.48 during the session. On July 3 the rupee had appreciated 17 paise to close at 95.18.
Prism
What It Means For You
- Importers face higher dollar costs when the rupee weakens.
- Students and travellers abroad pay more for foreign currency.
- Equity gains may offset currency pressure for domestic investors.
What's Happening
- Rupee closed 20 paise weaker at 95.38 on July 6.
- A firm US dollar weighed on emerging market currencies.
- Domestic markets still closed higher on the same day.
Forex Context
- Forex reserves fell to 666.93 billion dollars in late June.
- Markets are pricing in a potential US rate hike this year.
- Brent crude decline provided partial rupee support.
all-news
