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Rupee falls 12 paise to 95.45 against US dollar
The rupee closed at 95.45 against the US dollar on Thursday (August 13, 2026), down 12 paise from its previous close, The Hindu reports. Weak domestic equity markets, persistent foreign fund outflows,…
The Story in Brief
The rupee closed at 95.45 against the US dollar on Thursday (August 13, 2026), down 12 paise from its previous close, The Hindu reports. Weak domestic equity markets, persistent foreign fund outflows, and a strong dollar weighed on the currency. Geopolitical risks, specifically the delay in a US-Iran deal, also hurt sentiment. On Wednesday, foreign institutional investors sold equities worth Rs 1,002.50 crore on a net basis. Retail inflation inched up to 4.45% in July, staying above the RBI's median target for the second consecutive month. However, falling crude oil prices (Brent at $87.64 a barrel, down 1.51%) may support the rupee at lower levels. The dollar index was trading at 99.89, down 0.11%. Analysts say the RBI's intervention could also stabilise the currency, with the USD-INR spot expected to trade between 95.20 and 95.70.
The Indian Opinion
The rupee's slide to 95.45 is being reported as a sign of crisis, but this is a managed glide, not a free fall. The RBI is likely leaning on the market to prevent sharper drops, and falling crude prices actually support the currency. The real test is whether foreign portfolio outflows accelerate further or if Brent holds below $90. Watch the 95.70 level, if it breaks decisively without central bank intervention, the worry will be real.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
