# Rupee closes 3 paise up at 95.33 on fading Strait of Hormuz hopes 2026-08-12T22:52:58+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 2 independent outlets The rupee gained 3 paise to close at 95.33 against the U.S. dollar on Wednesday (August 12, 2026), as a sharp rise in Brent crude towards $90 a barrel overshadowed fading expectations of a quick U.S.-Iran agreement and reopening of the Strait of Hormuz. The domestic unit opened at 95.40 and swung between 95.24 and 95.43 during the session, according to exchange data. Traders now await the U.S. CPI print later this week. A hotter reading could strengthen expectations of a September Federal Reserve rate hike, pushing yields and the dollar higher, CR Forex Advisors MD Amit Pabari told The Hindu. On the domestic front, the Sensex fell 187.90 points to 77,966.35, while FIIs bought equities worth Rs 258.55 crore on a net basis on Tuesday. Fitch Ratings retained India's 'BBB-' rating for the 20th year, citing strong growth but flagging fiscal risks from youth protests over jobs. ## Coverage - thehindu.com - thehindu.com - thehindu.com - thehindu.com - thehindubusinessline.com Tags: Brent crude, forex, RBI, rupee, US CPI, US dollar Canonical: https://indianopinion.org/rupee-closes-flat-at-95-33-against-us-dollar/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rupee-closes-flat-at-95-33-against-us-dollar/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.