Rupee rises 5 paise to 96.11 against U.S. dollar in early trade
"The export of oil and gas from the region will be either for everyone or for no one," it said."The rupee came under significant pressure on Tuesday (July 15, 2026), slipping past the 96-level for the first time since May as a combination of surging crude oil prices, higher U.S. Treasury yields, and geopolitical tensions triggered broad dollar demand.
- ▪"The export of oil and gas from the region will be either for everyone or for no one," it said."The rupee came under significant pressure on Tuesday (July 15, 2026), slipping past the 96-level for the first time since May as a combination o
- ▪Treasury yields, and geopolitical tensions triggered broad dollar demand.
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The rupee rose 5 paise to 96.11 against the U.S. in early trade on Wednesday (July 15, 2026), amid heightened tensions in West Asia and a weaker greenback.Higher crude oil prices and Foreign Institutional Investor outflows prevented a sharper rise in the local unit while a positive opening in the domestic equity markets lent support, forex traders said.At the interbank foreign exchange market, the rupee opened at 96.12 and inched up to 96.11, up 5 paise from its previous close.The unit depreciated 48 paise to close at 96.16 against the U.S. dollar on Tuesday (July 14, 2026). Rupee falls 62 paise to close at 96.30 against U.S. dollarIran on Wednesday (July 15, 2026), threatened to halt all energy exports from West Asia over the U.S.
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