The Indian rupee recorded a weekly decline on August 14, 2026, closing at 95.44 against the U.S. dollar as foreign institutional investors (FIIs) continued to pull capital from Indian markets.
The Reserve Bank of India (RBI) intervened in the forex market to curb further volatility, preventing the currency from breaching the 95.50 psychological support level during the trading session.
Market experts attribute the downward pressure to rising geopolitical tensions in West Asia and the strengthening of the U.S. dollar, which has increased the cost of servicing foreign debt.