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Rupee settles marginally higher on Friday
Jun-19-2026

Indian rupee pared most of its initial gains but settled marginally higher on Friday on increased selling of American currency by exporters and banks. Rupee sentiments remained optimistic with Federation of Indian Export Organisations (FIEO) stating that restoration of peace in the West Asian region is expected to revive the order books of Indian exporters and reduce input costs, as the US-Iran war has severely disrupted the movement of consignments. However, gains got trimmed amid uncertainty over the US-Iran peace deal. Some concern came as the India Meteorological Department’s (IMD) data showed that India is facing a nationwide rainfall deficit of 41 per cent between June 4 and June 18, 2026, as the southwest monsoon stalled over southern Maharashtra. On the global front, the U.S. dollar hovered around its strongest level in a year on Friday, buoyed by a hawkish Federal Reserve interest rate outlook, while investors were on intervention watch as the Japanese yen sunk to a four-decade low against the greenback.

Finally, the rupee ended at 94.34 (Provisional), strengthened by 6 paise from its previous close of 94.40 on Thursday. The currency touched a high and low of 94.52 and 94.20 respectively. 


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