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Rupee Falls to 95.59 Against US Dollar Amid FCNR Swap Concerns

By AI Summarizer17 August 2026 1 min read
Rupee Falls to 95.59 Against US Dollar Amid FCNR Swap Concerns

The Indian rupee fell by 17 paise to close at 95.59 against the US dollar. This decline was primarily triggered by weak market sentiment surrounding the upcoming FCNR swap deadline. The impending deadline has weighed heavily on investor confidence, leading to a depreciation of the domestic currency against the greenback in the foreign exchange market during the trading session.

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Source: timesofindia.indiatimes.com

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