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Rupee closed higher at 95.2575 per Dollar on Friday (07 August 2026), versus its previous close of 95.3400 per Dollar.Powered by Capital Market - Live News

The Indian rupee settled on a flat note on Friday, higher by just 2 paise at 95.22 (provisional) against the US dollar, on heightened risk aversion due to fragile negotiations between Iran and Oman over the Strait of Hormuz. Risk aversion in global markets due to uncertainty on the deal between Iran and Oman and an overnight jump in crude oil prices weighed on investor sentiments. At the interbank foreign exchange, the rupee opened at 95.27 against the greenback and traded in a range of 95.19-95.28 during the session. It eventually settled at 95.20 (provisional), higher by 2 paise from its previous close. Indian shares ended Friday`s session lower amid a resurgence in geopolitical and trade tensions. The BSE Sensex closed down 455.59 points (0.58%) at 78,499.17, while the NSE Nifty 50 declined 65.35 points (0.27%) to settle at 24,570.65.Powered by Capital Market - Live News

Euro is witnessing sedated moves after a correction in last session pulled it from around seven-week high against the US dollar. In a key data for the single currency today, Germany�s seasonally adjusted trade balance came in at Euro 15.4 billion in June, according to official data, reflecting a slowdown in export growth and elevated energy costs. The June figure marks a decline from the previous month�s revised surplus of Euro 17.0 billion. Exports edged up by 0.3% month-on-month, while imports increased by 1.7%. On a year-on-year basis, exports were down 2.1%, while imports fell 3.5%, pointing to subdued trade activity overall. EUR/USD pair is currently quoting at 1.1544, almost unchanged on the day as markets are eying the US nonfarm payrolls data release. Powered by Capital Market - Live News

The Indian rupee over the last decade has faced steady depreciation against most major currencies, especially the US Dollar (USD), moving from an annual average of roughly ₹64 per USD in 2015 to over ₹87 per USD by 2025, reflecting persistent structural changes in global trade and capital flows. INR witnessed steepest decline against euro, falling around 38% through the period with much of the depreciation (almost 9%) coming in annual year 2025 alone. As against the pound and yen, INR fell by 17% and 10% respectively during the period under consideration. This long-term decline is a structural feature of an emerging market economy, driven by large trade deficits, global macroeconomic shocks, and central bank policy shifts. Much of the decline is also attributed to appreciation of dollar as safe haven respite during global shocks. India is a structurally import-heavy nation, relying on foreign sources for 85%+ of its crude oil, electronics, and gold. High oil price spikes (such as the 2018 shock, the 2022 post-Ukraine surge) continuously drained billions of foreign exchange out of India. The most recent 2026 West Asia crisis is also seen adding further weakness in the Indian currency against major counterparts, especially US dollar. Powered by Capital Market - Live News

The Indian rupee traded in a narrow range and depreciated 6 paise to 95.28 against the US dollar in early trade on Friday, tracking a firmer dollar and a rise in US treasury yields. The dollar index held firm around 99.95 on Friday after rebounding in the previous session, as investors cautiously awaited the closely watched July jobs report for fresh signals on labor market strength and the outlook for Federal Reserve monetary policy. Besides, dollar demand from importers and profit-taking after the rupee`s recent appreciation appear to have outweighed the favourable global backdrop. At the interbank foreign exchange market, the rupee opened at 95.27, then touched 95.28 against the American currency, registering a fall of 6 paise from its previous close. Meanwhile, local shares traded lower on Friday even as IT stocks surged across the board, helping limit overall losses in the broader market. Rising oil prices kept investors on edge after Iran reportedly struck hostile targets in the Strait of Hormuz and said a deal with Oman to manage traffic through the waterway will not fully reopen the vital global trade route. The benchmark 30-share BSE Sensex was down 235 points, or 0.3 percent, at 78,718 while the broader NSE Nifty index slipped 13 points to 24,622.Powered by Capital Market - Live News