Rupee rises 31 paise to 95.12 against U.S. dollar in early trade
The Indian rupee appreciated against the U.S. dollar following a decline in global crude oil prices and a softer dollar index. This market movement was influenced by geopolitical developments, specifically President Trump's decision to delay military strikes against Iran.
Why it matters
Currency fluctuations impact national inflation and trade, making geopolitical stability a key factor in economic performance.
The rupee surged 31 paise to 95.12 against the U.S. dollar in early trade on Monday (August 3, 2026) over a steep fall in global crude oil prices and a softer greenback after US President Donald Trump decided to hold off strikes against Iran.
FII inflows, a rise in the country's forex reserves, and Reserve Bank of India (RBI) support further strengthened the local unit, according to forex traders.
At the interbank foreign exchange, the rupee opened at 95.15 against the greenback before rising further to 95.12, up 31 paise from its previous close.
The rupee stayed in positive territory for the fifth consecutive day on Friday, gaining 7 paise to settle at 95.43 against the U.S. dollar.
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