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Indian Rupee declines to 95.38 against US dollar

The Indian rupee opened at 95.38 against the US dollar in early trade on Tuesday at the interbank foreign exchange market. The currency experienced a decline of 8 paise amid ongoing geopolitical tensions in West Asia and a downturn in domestic equity markets.

2 paksh

a stack of indian bank notes sitting on top of each other
File photo: rupixen / Unsplash License, via Unsplash

What Happened

The Indian rupee opened at 95.38 against the US dollar on Tuesday morning at the interbank foreign exchange market. This represents a decline of 8 paise from previous levels, a position the currency maintained throughout the early trading session.

Market analysts attribute the downward pressure on the rupee to the ongoing crisis in West Asia, which has contributed to rising crude oil prices and global market instability. While domestic equity market declines have further pressured the currency, support from foreign institutional investor inflows and interventions by the Reserve Bank of India have helped prevent a more significant depreciation.

Background

The Reserve Bank of India manages the country's foreign exchange reserves and intervenes in the market to maintain stability in the rupee's value.

Standing context, compiled from public reference sources rather than from the coverage above.

SourcesReserve Bank of India functions

Key Facts

  1. The rupee opened at 95.38 against the US dollar on Tuesday.
  2. The currency fell by 8 paise in early trade.
  3. Rising crude oil prices and the West Asia crisis are cited as factors impacting the market.
  4. Domestic equity market declines have contributed to pressure on the rupee.
  5. Reserve Bank of India interventions and foreign institutional investor inflows provided support to the currency.

The Timeline2

Every article on this story, in the order it was filed. We do not rank the outlets.

  1. 11 Aug

    1. DHDeccan Herald
      Rupee falls 8 paise to 95.38 against US dollar in early trade
    2. HiThe Hindu
      Rupee falls 8 paise to 95.38 against U.S. dollar in early trade

Where This Is Being CoveredEnglish

Languages

Newsrooms carrying this story, by publication language.

  • English2 outlets

Regional reach

States where a local newsroom is carrying this. National mastheads and wire agencies circulate everywhere and are counted separately, not drawn on the map.

Jammu & Kashmir: No local newsroomLadakh: No local newsroomPunjab: No local newsroomChandigarh: No local newsroomHimachal Pradesh: No local newsroomUttarakhand: No local newsroomHaryana: No local newsroomDelhi NCR: No local newsroomUttar Pradesh: No local newsroomRajasthan: No local newsroomGujarat: No local newsroomDadra & Nagar Haveli and Daman & Diu: No local newsroomMaharashtra: No local newsroomGoa: No local newsroomMadhya Pradesh: No local newsroomChhattisgarh: No local newsroomBihar: No local newsroomJharkhand: No local newsroomWest Bengal: No local newsroomOdisha: No local newsroomSikkim: No local newsroomArunachal Pradesh: No local newsroomAssam: No local newsroomNagaland: No local newsroomMeghalaya: No local newsroomManipur: No local newsroomTripura: No local newsroomMizoram: No local newsroomTelangana: No local newsroomKarnataka: Deccan HeraldAndhra Pradesh: No local newsroomKerala: No local newsroomTamil Nadu: No local newsroomPuducherry: No local newsroomLakshadweep: No local newsroomAndaman & Nicobar: No local newsroom
  • No local newsroom
  • 1 outlet
  • 2 or more

1 state with local coverage. Spread across the country, with no regional concentration. Also carried by 1 national masthead.

About This Analysis

One summary, built from every source. No single newsroom's voice.

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Key facts

Paksh: the sides a story is told from. 2 newsrooms filed on this one, and every filing is listed above.

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