Rupee Slips 34 Paise to 94.67 Against U.S. Dollar on Monday
The Indian rupee depreciated by 34 paise to close at 94.67 against the U.S. dollar on Monday (June 22, 2026), according to provisional data from the interbank foreign exchange market. The decline was driven by strength in the American currency overseas and uncertainty surrounding international trade deals.
Forex traders reported volatility in the rupee, influenced by steady debt and deposit inflows that supported the domestic currency on one hand, while a firm dollar and lack of clarity on the West Asia peace deal pulled it lower on the other.
The rupee opened at 94.42, down 9 paise from its previous close of 94.33 recorded on Friday (June 19). During the day, the currency fluctuated between 94.24 and 94.76 before settling at 94.67.
On Friday, the rupee had gained 7 paise, paring earlier gains. Meanwhile, the dollar index, which measures the greenback's strength against six major currencies, rose 0.03% to 100.88, supported by hawkish signals from the Federal Reserve and ongoing fragility in U.S.-Iran trade negotiations.
Brent crude oil futures traded 1.75% lower at $79.16 per barrel. On the domestic equity front, the Sensex climbed 291.17 points to close at 77,094.07, while the Nifty rose 89.80 points to 24,102.90.
Foreign institutional investors turned net buyers on Friday, purchasing equities worth ₹4,859.07 crore, as per exchange data.
Globally, high-level talks between Iran and the United States in Switzerland concluded on Monday, with lower-level discussions scheduled for the remainder of the week. The two sides agreed to establish a 'de-confliction cell' to address fighting in Lebanon, marking the start of a 60-day diplomatic process aimed at reaching a permanent end to the Iran war. Iran claimed it had again closed the Strait of Hormuz over the weekend, a critical passage for energy shipments, but the United States stated that traffic continued normally.
