Rupee Quote: 16 July 2026

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

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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.

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