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Rupee closes at 96.59 against U.S. dollar, down 34 paise
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The Indian rupee depreciated 34 paise to close at 96.59 against the U.S. dollar on July 22, 2026, driven by rising crude oil prices and global risk aversion.
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Rupee closes at 96.59 against U.S. dollar, down 34 paise
The Indian rupee fell 34 paise to close at 96.59 against the U.S. dollar on Wednesday, July 22, 2026, according to provisional data. Forex traders attributed the decline to rising crude oil prices, geopolitical tensions, and risk aversion in global markets. The currency had earlier settled higher by 11 paise at 96.25 against the dollar. The depreciation reflects broader investor caution amid volatile equities and external pressures. The Reserve Bank of India is expected to monitor the currency's movement closely.
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