Rupee rises 22 paise to 96.51 against U.S. dollar in early trade
The Indian rupee strengthened to 96.51 against the dollar on Friday, supported by RBI intervention. The market remains volatile due to rising oil prices and geopolitical instability in the Middle East.
Why it matters
Provides a concise financial update on the impact of global oil benchmarks on the Indian domestic currency.
The rupee rose 22 paise to 96.51 against the U.S. dollar in early trade on Friday (July 24, 2026), on likely RBI intervention to stem its further slide after global crude oil prices crossed the $100-mark owing to heightened tensions in West Asia.
A softer greenback provided mild support to the local unit while Foreign Institutional Investor outflows, coupled with sustained slide in the domestic equity markets, maintained pressure, forex traders said.
At the interbank foreign exchange, the rupee opened weaker at 96.81 before rising to 96.51, up 22 paise from its previous close.
The rupee ended 20 paise weaker at 96.73 against the U.S. dollar on Thursday (July 23, 2026).
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