Rupee rises 14 paise to close at 96.28 against U.S. dollar
The Indian rupee rose 14 paise to settle at 96.28 against the U.S. dollar following a likely intervention by the Reserve Bank of India. The currency remains under pressure due to rising global oil prices and geopolitical tensions in West Asia.
Why it matters
Currency fluctuations impact India's import costs, particularly for oil, and influence domestic inflation and monetary policy.
The rupee rose 14 paise to settle at 96.28 (provisional) against the U.S. dollar on Friday (July 17, 2026), on possible intervention from the Reserve Bank of India after four consecutive sessions of decline.
Elevated tensions in West Asia , which pushed up global oil prices, maintained pressure on the local unit, forex traders said.
In the interbank foreign exchange market, the rupee opened at 96.35 against the greenback and traded in a narrow range of 96.27-96.41. Eventually it settled at 96.28 (provisional), up 14 paise from its previous close.
The rupee depreciated for the fourth straight day on Thursday (July 16, 2026), shedding 17 paise to settle at 96.42 against the U.S. dollar.
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