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Indian rupee strengthens against dollar on Thursday
Jun-18-2026

Indian rupee strengthened against the U.S. dollar on Thursday amid falling crude oil prices and capital inflows from foreign institutional investors (FIIs). FIIs were the net buyers on Wednesday’s session, buying securities worth Rs 101.59 crore. Further, investors remained optimistic after reports indicated that the free trade agreement between India and the UK will formally enter into force on July 15, 2026, after resolving a steel issue. The move is likely to help double two-way commerce to $100 billion by 2030. On the global front, the euro has weakened against the U.S. dollar on Thursday after US Federal Reserve kept key interest rate unchanged, while its economic projections indicated concerns over inflation due to West Asia conflict.

Finally, the rupee ended at 94.41 (Provisional), strengthened by 9 paise from its previous close of 94.50 on Wednesday. The currency touched a high and low of 94.71 and 94.18 respectively.

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