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NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%

Indian Rupee Weakens to 96.35 Against US Dollar

By ThePip DeskIndian Rupee Weakens to 96.35 Against US Dollar

The Indian rupee closed at 96.35 against the US dollar, slipping 10 paise due to foreign capital outflows and persistent global dollar strength.

The Indian rupee weakened against the US dollar on Monday, ending the session at 96.35 provisional. This represents a decline of 10 paise from its previous close of 96.25 on Thursday.

Trading Range and Session Drivers

Initially, the domestic currency opened on a stronger note against the dollar. Support came from ease in Brent crude oil prices from recent highs and a Finance Ministry report indicating a gross domestic product growth of 7.3% in Q2FY27.

  • Opening support: Ease in Brent crude oil prices and a 7.3% GDP growth report for Q2FY27.
  • Intraday high: 96.20 against the US dollar.
  • Intraday low: 96.35 against the US dollar.

However, the domestic currency lost momentum over the course of the session. Persistent foreign capital outflows dampened investor sentiment.

Foreign Flows and Global Factors

Foreign institutional investors were net sellers on Thursday, offloading securities worth Rs 9,484.22 crore. Continued dollar strength further weighed on the domestic currency during trading.

  • FII activity: Net sellers offloading Rs 9,484.22 crore in securities on Thursday.
  • Global currency movement: The euro weakened against the US dollar on Monday amid worries over rising borrowing costs and political instability in France.

The currency touched a high of 96.20 and a low of 96.35 during the trading session before settling at the provisional closing level of 96.35.

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