Rupee rises 15 paise to 95.32 against the U.S. dollar in early trade
The Indian rupee appreciated by 15 paise against the U.S. dollar in early trade on Friday, supported by a strong domestic equity market. Despite ongoing tensions in West Asia, state-run bank intervention helped stabilize the currency.
Why it matters
Currency fluctuations impact import costs and inflation, making this critical for macroeconomic stability in India.
The rupee rose 15 paise to 95.32 against U.S. dollar in early trade on Friday (July 10, 2026) as the greenback weakened and oil prices eased despite intensifying tensions in West Asia.
FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while a strong start to the day's trade at the domestic equity markets provided support, according to forex traders.
The U.S. launched new airstrikes against Iran on early Thursday (July 9, 2026), and Tehran responded by targeting U.S.-allied West Asian countries in an exchange of fire that threatened an interim deal intended to help end the war.
Back-and-forth attacks, including a day earlier, have repeatedly threatened the ceasefire. But Thursday's appeared bigger all around, with sirens sounding at least three times in Bahrain, home to the U.S. Navy's 5th Fleet headquarters, and missiles targeting Kuwait and Qatar.
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