Rupee Quote: 16 July 2026

Authored By Prime Research | Published at: Jul 16, 2026 05:23 PM IST

Open Free Demat Account

The Indian rupee lagged among Asian currencies today, pressured by a widening current account deficit and global risk aversion. Marking its fourth straight session of declines, the rupee lost ground as the RBI’s recent support measures faded, compounded by tepid interest in FCNR schemes following a rise in global bond yields. Geopolitical friction between the US and Iran also pushed crude oil prices up, exacerbating the pressure on the rupee.

Technically, spot USDINR has key resistance at 96.50 and support at 95.85.

Disclaimer

At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations

Disclaimer

At HDFC SKY*, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations.
HDFC SKY from HDFC Securities, one of most trusted trading platforms in India, has been recognized with the *Next-Gen Digi Content Awards 2025-26.

Markets