The Indian rupee closed at 95.74 against the US dollar on August 24, 2026, supported by central bank interventions that helped anchor the currency against month-end volatility.
Traders are closely monitoring global oil prices and US Treasury yields, which have been tracking the geopolitical tensions surrounding the potential US sanctions on Iran.
Market analysts expect the rupee to remain on a narrow leash as the Reserve Bank of India continues to manage liquidity to offset the impact of global economic turmoil.