Rupee falls 3 paise to close at 95.74 against US dollar

The rupee pared initial gains and settled 3 paise lower at 95.74 against the US dollar on Monday, August 24, 2026, on a positive American currency and weak domestic markets, The Hindu reports. Forex traders said the USD/INR pair traded in a narrow range as rising Brent crude prices, persistent importer demand, and cautious sentiment over new US sanctions targeting Iran weighed on sentiment.

Meanwhile, BitcoinWorld reported separately that the rupee has strengthened against the dollar, driven by robust capital inflows and supportive RBI actions, though it did not provide a specific date or current rate. The Hindu noted that Brent crude traded lower by 1.62% at $92.86 per barrel, the dollar index rose 0.18% to 98.98, and Sensex fell 171.72 points to 77,369.11.

India's forex reserves jumped $9.905 billion to $716.907 billion during the week ended August 14, RBI data showed. Anuj Choudhary of Mirae Asset ShareKhan said the rupee may trade with a slight negative bias on US-Iran uncertainty but overall dollar weakness may support it, with the spot price expected in a 95.50 to 96 range.