Rupee rises 35 paise to 95.64 against U.S. dollar in early trade
The Indian rupee appreciated by 35 paise to 95.64 against the U.S. dollar, supported by lower crude oil prices and a weaker dollar index. Market sentiment remained positive as geopolitical tensions eased, despite foreign institutional investors offloading equities.
Why it matters
Currency fluctuations impact inflation and import costs for the Indian economy, making this a key indicator for financial stability.
The rupee extended its upward momentum, rising 35 paise to 95.64 against the U.S. dollar in early trade on Tuesday (July 28, 2026), driven by lower crude oil prices amid easing geopolitical tensions.
Forex traders said a weak U.S. dollar index and positive equity market sentiment further boosted the Indian currency.
At the interbank foreign exchange, the rupee opened at 95.75 and gained further to trade at 95.64 against the greenback, up 35 paise from its previous closing level.
The rupee appreciated sharply by 54 paise to close at 95.99 against the U.S. dollar on Monday (July 27), after rising 20 paise in the preceding session on Friday (July 24).
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.06% at 101.31.
Brent crude, the global oil benchmark, was trading 1.43% lower at $87.10 per barrel in futures trade.
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