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Indian rupee weakens against dollar on Monday

22 Jun 2026 Evaluate

Indian rupee weakened against the U.S. dollar on Monday as uncertainty about the peace deal to end the Middle East war sparked caution among investors after US President Donald Trump threatened fresh strikes if Hezbollah continues its attacks on Israel, while Iran announced the closure of the Strait of Hormuz again. Traders also overlooked the capital inflows from foreign institutional investors (FIIs) in the Indian markets. The FIIs were the net buyer on June 19, 2026, with a net buying of Rs 4,859.07 crore. On the global front, the British pound has weakened against the U.S. dollar on Monday after Prime Minister Keir Starmer resigned.

Finally, the rupee ended at 94.61 (Provisional), weakened by 28 paise from its previous close of 94.33 on Friday. The currency touched a high and low of 94.76 and 94.24 respectively.

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