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Indian rupee weakens against dollar amid renewed West Asia tensions

08 Jun 2026 Evaluate

Indian rupee weakened against the U.S. dollar on Monday as escalating tensions in West Asia made investors nervous. Fresh Israeli airstrikes on Beirut triggered a rise in crude oil prices and strengthened the U.S. dollar, heightening concerns over global market stability. Meanwhile, Commerce and Industry Minister Piyush Goyal has stated that India and the United States (US) are rapidly moving towards resolving all outstanding issues in the proposed interim trade agreement. According to him, both countries are likely to finalize and implement the ‘very, very vibrant’ first phase of the pact by mid-July 2026. On the global front, the British pound has weakened against the U.S. dollar on Monday as renewed tensions in West Asia raised concerns over a prolonged Iran conflict and rise in inflation due to high oil prices.

Finally, the rupee ended at 95.55 (Provisional), weakened by 37 paise from its previous close of 95.18 on Friday. The currency touched a high and low of 95.75 and 95.15 respectively.

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