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Rupee weakens against US dollar in early trade on Tuesday
Jul-14-2026
The Indian rupee weakened against the US dollar in early trade on Tuesday due to a sharp rise ‌in crude oil prices following deepening tensions in the Middle East, while higher import costs also widened India’s trade and current account deficits. US President Donald Trump reinstated the blockade on Iranian shipping and demanded a 20% reimbursement on cargo transiting the waterway. Moreover, increased demand for the US dollar and fresh foreign fund outflows also putting further pressure on the currency. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,062.27 crore in the domestic equity market on Monday, exchange data showed.

The partially convertible currency is currently trading at 96.13, weaker by 45 paise from its previous close of 95.68 on Monday. The currency touched a high and low of 96.1725 and 95.9425 respectively.
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