Rupee rises 28 paise to 96.25 against U.S. dollar in early trade
The Indian rupee appreciated by 28 paise against the U.S. dollar, reaching 96.25 in early trade on July 27, 2026. This gain was driven by a decline in global crude oil prices and improved market sentiment following signs of de-escalation in West Asian tensions.
Why it matters
Currency fluctuations and oil price shifts directly impact India's import costs and inflation, making this a critical indicator for the domestic economy.
The rupee gained 28 paise to 96.25 against the U.S. dollar in early trade on Monday (July 27, 2026), taking cues from a sharp fall in crude oil prices and positive global sentiment after the U.S. and Iran signalled an easing of tensions in West Asia.
The American currency index also retreated from an elevated level, while domestic equities witnessed a strong buying trend, supporting the local currency further, forex traders said.
At the interbank foreign exchange, the rupee opened at 96.18 but lost some ground to trade at 96.28 against the greenback, logging a gain of 28 paise from its previous closing level.
On Friday (July 24), the rupee recovered from a low level and settled 20 paise higher at 96.53 against the U.S. dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.26% at 101.04.
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