Industry Odisha Bureau, Aug 11: Indian currency ‘Rupee’ (INR) reportedly fell 11 paise and settled at 95.28 against the the US Dollar (USD) yesterday at the interbank foreign exchange market.
Media reports, quoting experts in money matters, have stated, “Indian Rupee marginally dipped from August 7’s closing of 95.17. This weakness can be attributed to the rise in Brent Crude above $84 and the impact on trade deficit. Nevertheless, Foreign Portfolio Investment inflows to India have been positive in July 2026 as well as increasing in the August. Despite being in small quantities, the FPI inflows are propping up the Indian currency Rupee.”
Reports quoting experts in money matters, stated, “The spot price of USD and INR is expected to trade in a range of Rs 95-95.60 this week for which the traders need to remain cautious.”
Media reports, citing data released on August 7, 2026 by the RBI “India’s forex reserves have jumped by Rs 10.512 billion to Rs 692.866 billion during the week that ended on July 31, 2026.”
