Rupee falls 33 paise to close at 94.04 against U.S. dollar

Mumbai The rupee depreciated 33 paise to close at 94.04 (provisional) against the U.S. dollar on Thursday (November 12, 2026), weighed down by a strong American currency. Also read | Rupee falls 6 paise to 93.77 against U.S. dollar in early trade https://www.thehindu.com/business/markets/rupee-falls-6-paise-to-9377-against-us-dollar-in-early-trade/article71692324.ece Forex traders said the dollar strengthened on a hawkish Fed speech and rising odds of a rate hike in December.

At the interbank foreign exchange market, the rupee opened at 93.73 against the dollar. During intra-day trade, it witnessed a high of 93.62 and a low of 94.06. The local unit settled at 94.04 (provisional), lower by 33 paise from its previous close. On Wednesday (November 12), the rupee gained 6 paise to close at 93.71 against the U.S.

dollar. "We expect the rupee to trade with a slight negative bias on positive tone in the U.S. dollar and elevated U.S. treasury yields.