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Pakistani rupee inches up against US dollar
Forex traders said higher crude prices and FII outflows limited the rupee's gain, even as a weaker dollar and stronger equities offered support.
- On Wednesday, July 15, 2026, the Indian rupee fell 16 paise to close at 96.32 against the U.S. dollar, weighed down by heightened tensions in West Asia and rising global crude oil prices.
- The U.S. military intensified its airstrike campaign early Wednesday, hitting an Iranian army barracks and wounding 260 people, while the Revolutionary Guard threatened to halt all energy exports from the region.
- Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP, noted elevated oil prices limit the rupee's upside by increasing India's import bill and demand for U.S. dollars.
- Foreign Institutional Investors offloaded equities worth ₹3,062.27 crore on Monday, July 13, 2026, as geopolitical uncertainty pressured domestic equity markets and the BSE Sensex and Nifty declined.
- Amit Pabari, Managing Director of CR Forex Advisors, stated that when uncertainty rises and interest rates remain higher for longer, the dollar becomes the preferred shelter, pressuring emerging market currencies like the rupee.
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14 Articles
14 Articles
Coverage Details
Total News Sources14
Leaning Left3Leaning Right5Center2Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 30%
C 20%
R 50%
Factuality
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