The rupee pared initial gains to settle 9 paise lower at 93.44 (provisional) against the U.S. dollar on Wednesday (April 15, 2026), as rising crude oil prices after a sharp fall and higher domestic inflation data dampened sentiment.

According to forex analysts, strong buying in domestic equities failed to support the rupee even as it gained initially after U.S. President Donald Trump said that a second round of talks with Iran could be held “over the next two days”.