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Rupee snaps two-day rally, settles 2 paise lower at 94.60 against US dollar

Rupee snaps two-day rally, settles 2 paise lower at 94.60 against US dollar
Times of India Tuesday 16 June 2026, 16:52 UTC By TOI BUSINESS DESK 1 min read
Key Points

The rupee dipped slightly to 94.60 against the dollar on Tuesday, ending a two-day gain. Despite falling crude oil prices and hopes for a US-Iran peace deal, foreign investors selling Indian equities pressured the currency. Analysts anticipate a near-term downward trend for the rupee, with support from easing oil prices.

The rupee dipped slightly to 94.60 against the dollar on Tuesday, ending a two-day gain. Despite falling crude oil prices and hopes for a US-Iran peace deal, foreign investors selling Indian equities pressured the currency. Analysts anticipate a near-term downward trend for the rupee, with support from easing oil prices.
US (LOCATION) Iran (LOCATION) Indian (ORG)
Originally published by Times of India Read original →

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