INR vs USD Rate, June 8, 2026: Rupee Falls 17 Paise To 95.35 Against US Dollar in Early Trade

Mumbai, June 8: Rupee fell 17 paise to 95.35 against US dollar in early trade on Monday, weighed down by the strength of the American currency in the overseas market amid strong US economic data and continuing geopolitical uncertainty. 

Forex traders said elevated Brent crude prices dented investor sentiments. Crude oil prices surged after Iran launched multiple rounds of missiles toward Israel, raising concerns about the stability of the region and the durability of ceasefire efforts. 

Investors are also monitoring developments in West Asia and awaiting key economic data from the US, which could set the path for fresh clues from the US Federal Reserve on interest rate path, they said. 

US President Donald Trump has asked Israel Prime Minister Benjamin Netanyahu not to retaliate to Iran’s latest barrage of missiles, saying it would jeopardise the ongoing negotiations for a peace deal to end the three-month long conflict. 

 US media outlet Axios reported that after Iran launched missiles at Israel on Sunday, Trump spoke to Netanyahu in a bid to prevent fresh tensions between the two nations from derailing the peace deal. 

Trump also asked Iran to return to the negotiating table.