Industry Odisha Bureau, Jul 7: The Indian Rupee (INR) yesterday reportedly depreciated 20 paise and closed at 95.38 against the US dollar (USD).
As per media reports, “The INR opened at 95.25 against the strengthening USD and traded in a range of 95.22–95.48 at the interbank foreign exchange market, and finally settled at 95.38 (provisional), while the INR had appreciated 17 paise to close at 95.18 against the USD on July 3 last week.”
Media reports also said that, “The Dollar Index, which measures the USD against a basket of six major currencies, was trading at 101.12, up 0.26%.”
Meanwhile, the RBI data, as per media reports, revealed that, “India’s forex reserves declined by $5.654 billion to $666.933 billion during the week ended June 26, 2026, while the forex reserves had increased by $963 million to $672.587 billion in the previous reporting week.”
Media reports also stated that, “India’s foreign exchange reserves had touched an all-time high of $728.494 billion during the week ended February 27, 2026 just before the West Asia crisis that had broken out in the wee hours of February 28 this year.”
