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Rupee weakens against dollar on Monday
Jul-06-2026

Indian rupee has weakened against the U.S. dollar on Monday amid persistent dollar strength following rising expectations of interest rate cut by US Federal Reserve in September. Further, investors overlooked the Finance Ministry’s statement that the India-Israel Bilateral Investment Agreement (BIA) came into force on July 4. 2026. The pact, which provides protection for two-way investments, is likely to boost cross-border investment activity. India and Israel had signed the agreement on September 8, 2025. On the global front, the euro has weakened against the U.S. dollar on Monday amid softer Eurozone inflation and dovish remarks from ECB President Christine Lagarde.

Finally, the rupee ended at 95.42 (Provisional), weakened by 24 paise from its previous close of 95.18 on Friday. The currency touched a high and low of 95.48 and 95.22 respectively.

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