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Indian rupee weakens against dollar on Wednesday

15 Jul 2026 Evaluate

Indian rupee weakened against the US dollar on Wednesday amid escalating tensions in West Asia and high crude oil prices. Investors took a cautious stance after US President Donald Trump warned that the United States would strike bridges and power plants next week unless Tehran returns to the negotiating table. Besides, persistent foreign capital outflows weighed on the Indian rupee. The foreign institutional investors were net sellers on Tuesday’s session, offloading securities worth Rs 739.69 crore. Traders also overlooked the government data showing net direct tax collection has increased 16.40% to over Rs 6.51 lakh crore till July 13 of the current financial year (FY27). On the global front, the Australian dollar has strengthened against the US dollar on Wednesday as softer-than-expected US inflation data weighed on the US dollar.

Finally, the rupee ended at 96.32 (Provisional), weakened by 16 paise from its previous close of 96.16 on Tuesday. The currency touched a high and low of 96.35 and 96.04 respectively.

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