Indian rupee gains against US dollar

On August 14, 2026, the India — Indian rupee appreciated 3 paise to close at 95.42 (provisional) against the US dollar, supported by weakness in the greenback overseas. The rupee opened at 95.39 and traded in a tight range of 95.38-95.44. The dollar index fell 0.08% to 99.78, while Brent Crude rose 0.99% to $87.93 per barrel. Analysts noted that foreign fund outflows and elevated crude prices kept pressure on the rupee, but a weaker dollar limited downside. The rupee had closed 12 paise lower at 95.45 the previous day. Jateen Trivedi of Meritz Securities expects the rupee to remain range-bound between 95.10 and 95.80 in the near term, with crude and dollar as key triggers. Domestic equities declined, with Sensex falling 70.71 points to 78,009.25 and Nifty dropping 29.25 points to 24,366. Foreign institutional investors offloaded equities worth Rs 510.69 crore on a net basis. Geopolitical uncertainties, including conflicting statements from the US and Iran over ship transit through the Strait of Hormuz, contributed to market caution.