The rupee remained in positive territory on Friday (July 31, 2026), gaining 15 paise to settle at 95.35 (provisional) against the U.S. dollar, tracking foreign capital inflows and support from the Reserve Bank of India.

However, higher global crude oil prices and a stronger greenback capped sharper gains in the local unit, while elevated tensions in West Asia kept markets on edge, forex traders said.

At the interbank foreign exchange, the rupee opened at 95.40 and traded in the range of 95.25-95.46 during the session. It eventually settled at 95.35 (provisional), up 15 paise from its previous close.

The rupee surged 26 paise to close at 95.50 against the U.S. dollar on Thursday (July 30, 2026), rising for the fifth straight session.

Meanwhile, the U.S. and Iran each fired barrages of missiles on Thursday (July 30, 2026), as the pattern of back-and-forth strikes took hold again and hope dimmed for any quick resolution.

After a brief respite, the risk of a return to all-out war emerged once more, with the fighting threatening to engulf even more countries. Jordan said on Thursday (July 30, 2026), it intercepted Iranian missiles for the second consecutive day, while Kuwait said a strike in the northern part of the country killed one person.

“Rupee has been strengthening on sustained RBI dollar selling this week. The other factor contributing to the rupee’s stability and strength is the FPI inflows. During the last three days, FPIs bought equity worth ₹7,360 crore. This shift in FPI stance from relentless selling in India to buying has improved sentiments for the domestic currency,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Ltd, said.

“We expect the rupee to trade with a slight positive bias on a soft dollar and dovish Fed. Positive global markets and improved foreign inflows may also support the rupee. However, renewed geopolitical tensions between the U.S. and Iran may cap sharp upside,” Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan.

USD-INR spot price is expected to trade in a range of ₹95 to ₹95.60, he said.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading up 0.28% at 100.14.

Brent crude futures, the global oil benchmark, were trading up 0.42% at $89.40 per barrel.

On the domestic equity market front, the Sensex rose 166.49 points, or 0.21% to settle at 78,094.64, while the Nifty was up 66.45 points, or 0.27%, to 24,383.60 points.

Foreign Institutional Investors purchased equities worth ₹3,623.51 crore on a net basis on Thursday (July 30, 2026), according to exchange data.

The rupee maintained its upward trajectory, rising 20 paise to 95.30 against the U.S. dollar in early trade on Friday (July 31, 2026), tracking foreign capital inflows and a decline in global crude oil prices.

However, a stronger greenback capped sharper gains in the local unit, forex traders said.

At the interbank foreign exchange, the rupee opened at 95.40 before rising further to 95.30, up 20 paise from its previous close.

Rising for the fifth straight session, the rupee surged 26 paise to close at 95.50 against the U.S. dollar on Thursday (July 30, 2026).

“The rupee is likely to continue to move back and forth in today’s session, gain some strength against U.S. dollar due to modest pullback in oil prices, while expectations of continued intervention from the Reserve Bank of India [RBI] keeps it supported,” Aamir Makda, Commodity and Currency Analyst, Technical Research, Choice Broking.

Meanwhile, the U.S. and Iran each fired barrages of missiles on Thursday (July 30, 2026), as the pattern of back-and-forth strikes took hold again and hope dimmed for any quick resolution.

After a brief respite, the risk of a return to all-out war emerged once more, with the fighting threatening to engulf even more countries. Jordan said on Thursday (July 30, 2026), it intercepted Iranian missiles for the second consecutive day, while Kuwait said a strike in the northern part of the country killed one person.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading up 0.35% at 100.21.

Brent crude futures, the global oil benchmark, were trading sharply down by 0.98% at $88.16 per barrel.

On the domestic equity market front, the Sensex advanced 49.91 points to 77,970.95 in early trade on Friday (July 31, 2026), while the Nifty was up 28 points to 24,343.65.

Foreign Institutional Investors purchased equities worth ₹3,623.51 crore on a net basis on Thursday (July 30, 2026) according to exchange data.

The rupee stayed steady for the fifth straight session and settled with a gain of 9 paise at 95.67 (provisional) against the U.S. dollar on Thursday (July 30, 2026), taking cues from positive domestic equity markets and inflows of foreign capital.

According to forex traders, a softening dollar also supported the local currency, but its upward move was restricted due to volatile crude oil prices, triggered by a fresh escalation of the war in West Asia.

At the interbank foreign exchange, the rupee opened at 95.59 and traded in the range of 95.56 to 95.75 against the greenback. The Indian unit ended the session at 95.67 (provisional) against the U.S. dollar, registering a gain of nine paise from its previous closing level.

The rupee gained 6 paise to settle at 95.76 against the U.S. dollar on Wednesday (July 29, 2026), after rising 97 paise in four back-to-back sessions since closing at 96.73 versus U.S. dollar on July 23.

“Traders may take cues from advance GDP, core PCE (Personal Consumption Expenditures) price index and weekly unemployment claims data from the U.S. USD-INR spot price is expected to move in a range of ₹95.40 to ₹96,” Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading down 0.05% at 101.67.

Brent crude futures, the global oil benchmark, were trading marginally lower by 0.12% at $90.63 per barrel.

Analysts said crude prices reclaimed $90-per-barrel levels amid renewed fear of disruptions in global energy supplies, as fresh flare-ups between the U.S. and Iran, after a brief calm, shattered hopes of an end to the five-month conflict in West Asia.

The U.S. military said on Thursday (July 30, 2026), that they have struck ‘dozens’ of targets belonging to Iran’s Revolutionary Guard Corps in ‘a heavy wave of strikes against Iran’ conducted in response to an earlier Iranian missile attack on a U.S. base in Jordan.

On the domestic equity market front, the Sensex climbed 273.55 points, or 0.35%, to settle at 77,928.15, while the Nifty went up 66.95 points, or 0.28%, to 24,317.15.

Foreign Institutional Investors purchased equities worth ₹2,981.87 crore on a net basis on Wednesday (July 29, 2026), according to exchange data.

The rupee strengthened by 13 paise to 95.63 against the U.S. dollar in early trade on Thursday (July 30, 2026), supported by positive momentum in domestic equity markets and inflows of foreign capital.

However, the Indian currency’s gain was capped by a strong dollar index after the U.S. Federal Reserve kept interest rates unchanged, forex traders said.

At the interbank foreign exchange, the rupee opened at 95.59 and lost some ground to 95.63 against the greenback, registering a gain of 13 paise from its previous close.

The rupee gained 6 paise to settle at 95.76 against the U.S. dollar on Wednesday (July 29, 2026). The currency settled 17 paise higher at 95.82 against the U.S. dollar on Tuesday (July 28, 2026), after gaining 74 paise in the previous two back-to-back sessions.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading up 0.06% at 101.79.

Brent crude futures, the global oil benchmark, were trading 1.26% lower at $89.60 per barrel.

According to analysts, crude prices reclaimed $90-per-barrel levels amid renewed fear of disruptions in global energy supplies, as fresh flare-ups between the U.S. and Iran, after a brief calm for three days, shattered hopes of ending the five-month conflict in West Asia.

The U.S. military said on Thursday (July 29, 2026), that they have struck ‘dozens’ of targets belonging to Iran’s Revolutionary Guard Corps in ‘a heavy wave of strikes against Iran’ conducted in response to an earlier Iranian missile attack on a U.S. base in Jordan.

On the domestic equity market front, Sensex rose 44.77 points, or 0.06%, to 77,699.37, while the Nifty was up 21.65 points, or 0.09%, to 24,270.20.

Foreign Institutional Investors purchased equities worth ₹2,981.87 crore on a net basis on Wednesday (July 29, 2026), according to exchange data.

The rupee rose 16 paise to 95.66 (provisional) against the U.S. dollar on Wednesday (July 29, 2026), extending its gaining streak for the fourth straight session, amid hectic buying in domestic equity markets and lower global crude prices.

Foreign capital inflows and a weak American currency ahead of the U.S. Federal Reserve’s interest rate decisions also supported the local unit, forex traders said.

At the interbank foreign exchange, the rupee opened at 95.70 and touched the intraday low of 95.80 against the greenback. The unit hit the day’s high of 95.48 before ending the session at 95.66 (provisional) against the dollar, up 16 paise from its previous close.

The local currency settled 17 paise higher at 95.82 against the U.S. dollar on Tuesday (July 28, 2026), after gaining 74 paise in the previous two back-to-back sessions.

Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said the rupee gained on positive domestic markets and fresh Foreign Institutional Investor (FII) inflows. A soft dollar also supported the rupee.

The U.S. dollar has eased ahead of the FOMC (Federal Open Market Committee) meeting decision, Mr. Choudhary said, adding that, “USD-INR spot price is expected to trade in a range of ₹95.20 to ₹95.90”.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading down 0.04% at 101.22.

Brent crude futures, the global oil benchmark, were trading 3.78% higher, but remained lower at $87.27 per barrel.

According to analysts, even as mediators tried to get the U.S. and Iran back to negotiations and toward a ceasefire, crude oil prices rose overnight as the brief pause in fighting was shattered after the U.S. military said that Iran launched multiple ballistic missiles at American forces on Tuesday (July 28, 2026).

All Iranian missiles were successfully intercepted, U.S. Central Command said in a statement, adding that U.S. forces “remain vigilant and at a high state of readiness”.

On the domestic equity market front, Sensex surged 888.68 points, or 1.16%, to settle at 77,654.60, while the Nifty closed up 264.85 points, or 1.10%, to 24,250.20.

FII purchased equities worth ₹755.33 crore on a net basis on Tuesday (July 28, 2026), according to exchange data.

On the macroeconomic front, the government data released on Tuesday (July 28, 20226), showed the country’s industrial output rose by 7.3% in June compared to 5.1% in the preceding month on the back of improved manufacturing sector performance and strong growth of the electricity and gas supply sector.

The rupee appreciated by 5 paise to 95.77 against the U.S. dollar in early trade on Wednesday (July 29, 2026), staying firm for the fourth consecutive day amid a weak American currency and lower crude oil prices.

The local currency also found support from positive domestic equity market sentiment after Foreign Institutional Investors turned to buying Indian stocks, according to forex traders.

At the interbank foreign exchange, the rupee opened at 95.70 and slipped to 95.77 against the greenback, registering a gain of 5 paise from its previous close.

The Indian currency settled 17 paise higher at 95.82 against the U.S. dollar on Tuesday (July 28, 2026), after gaining 74 paise in the previous two back-to-back sessions.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading down 0.12% at 101.14, ahead of the Federal Reserve monetary policy announcements.

Brent crude futures, the global oil benchmark, were trading 4.27% higher but remained lower at $87.68 per barrel.

According to analysts, even as mediators tried to get the U.S. and Iran back to negotiations and toward a ceasefire, crude oil prices rose overnight as the brief pause in fighting was shattered after the U.S. military said that Iran launched multiple ballistic missiles at American forces on Tuesday (July 28, 2026).

All Iranian missiles were successfully intercepted, U.S. Central Command said in a statement, adding that U.S. forces “remain vigilant and at a high state of readiness.”

On the domestic equity market front, Sensex climbed 682.57 points, or 0.89%, to 77,448.49, while the Nifty was up 186.85 points, or 0.78%, to 24,172.20.

Foreign Institutional Investors purchased equities worth ₹755.33 crore on a net basis on Tuesday (July 28, 2026), according to exchange data.

The rupee stayed on upward track for the third straight session and ended 11 paise higher at 95.88 (provisional) against the U.S. dollar on Tuesday (July 28 2026), supported by lower crude oil prices amid signals of easing West Asia crisis.

According to Forex traders, the sustained outflow of foreign capital amid selling pressure in domestic equity markets, as well as an elevated dollar index ahead of the U.S. Federal Reserve’s policy decision, capped gains for the local currency.

At the interbank foreign exchange, the rupee opened at 95.75 and touched the intraday high of 95.63 before ending the session at 95.88 (provisional) against the greenback, up 11 paise from its previous closing level.

On Monday (July 27, 2026), the rupee appreciated sharply by 54 paise to close at 95.99 against the U.S. dollar, after rising 20 paise in the preceding session on Friday (July 24, 2026).

Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said the rupee strengthened on the halting of strikes between the U.S. and Iran.

“Traders may take cues from CB (Conference Board) consumer confidence data from the U.S. USD-INR spot price is expected to trade in a range of 95.35 to 96.05,” Mr. Choudhary said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.08% higher at 101.46.

Brent crude, the global oil benchmark, was trading 2.63% lower at $86.04 per barrel in futures trade.

Analysts said oil prices crashed as the U.S. and Iran refrained from attacking each other’s targets for the third consecutive day and mediators achieved progress in getting both sides back to negotiations.

U.S. President Donald Trump said Iran had asked for more discussions, reaching out directly “because we’ve been hitting them very hard.” Iran has, however, said there are no direct talks underway.

On the domestic equity market front, Sensex declined 69.86 points, or 0.09%, to settle at 76,765.92, while the Nifty fell 10.60 points, or 0.04%, to 23,985.35.

Foreign Institutional Investors offloaded equities worth ₹1,688.23 crore on a net basis on Monday (July 27, 2026), according to exchange data.

The rupee appreciated sharply by 61 paise to close at 95.92 (provisional) against the U.S. dollar on Monday (July 27, 2026), driven by a steep correction in crude oil prices after the U.S. and Iran paused the war in West Asia, triggering hopes of easing global trade tensions.

According to Forex traders, the local currency also found support from a firm trend in domestic equities and weakness in the U.S. Dollar against major currencies.

At the interbank foreign exchange, the rupee opened at 96.18 and touched the low of 96.27 and the high of 95.78 against the greenback during the session. The local unit finally settled at 95.92 (Provisional) against the dollar, up 61 paise compared to its previous closing level.

On Friday (July 24, 2026), the rupee recovered from its record low levels to settle 20 paise higher at 96.53 against the U.S. Dollar. The Rupee’s all-time low closing level of 96.86 was recorded on May 20.

Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said the rupee strengthened to the highest levels in three weeks as the U.S. and Iran halted strikes after two weeks of escalation.

“Falling crude oil prices and the softening of the U.S. Dollar also favoured the rupee. Reports of intervention by the RBI also supported the rupee,” Mr. Choudhary said, adding, “The USD-INR spot price is expected to trade in a range of ₹95.50 to ₹96.20”.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.20% lower at 101.09.

Brent crude, the global oil benchmark, declined 8.95% to $88.12 per barrel in futures trade as the U.S. and Iran halted attacks and hinted at moving on to a negotiation table.

U.S. President Donald Trump is “giving talks some space”, Mike Waltz, the U.S. ambassador to the United Nations, told a news channel.

“He’s giving it a little bit of room,” Mr. Waltz said, adding, “We’ve had both Oman and Iran, and a number of our other negotiators, engaged at every level, from the most senior levels all the way down to the technical level over the past few weeks, and particularly in the past few days.”

On the domestic equity market front, Sensex surged 776.01 points, or 1.02%, to settle at 76,835.78, while the Nifty gained 228.50 points, or 0.96%, to 23,995.95.

Foreign Institutional Investors offloaded equities worth ₹3,892.77 crore on a net basis on Friday (July 24, 2026), according to exchange data.

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).

The U.S. military announced the 13th night of strikes on Thursday (July 23, 2026) against Iran as clashes escalate over shipping routes. The attacks came after Yemen’s Houthis said they attacked two Saudi oil tankers in the Red Sea, potentially widening the Iran war as international oil topped $100 a barrel.

“The key factors for the weak opening of the rupee were — Brent crude oil remained elevated, increasing dollar demand from Indian oil marketing companies while importer dollar buying remained strong through the session. RBI intervention via state-owned banks prevented a much larger depreciation, while softer dollar index provided only limited support,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading marginally down by 0.01% at 101.43.

Brent crude, the global oil benchmark, crossed the $100-mark, trading 0.12% higher at $100.8 per barrel in futures trade.

On the domestic equity market front, Sensex opened weaker for the fifth day in a row, tumbling 512.07 points to 75,869.38 in early trade while the Nifty was down 153 points to 23,713.60.

Foreign Institutional Investors offloaded equities worth ₹2,999.23 crore on a net basis on Thursday (July 23, 2026), according to exchange data.

Rupee pared initial losses and settled for the day higher by 12 paise at 96.24 (provisional) against the U.S. dollar on Tuesday (July 21, 2026), as traders assessed the strong inflows related to the Reserve Bank’s initiatives to support foreign exchange liquidity amid global market uncertainties.

Forex traders said India attracted $20.72 billion in forex inflows under the swap facility since June, providing significant structural support to the country’s balance of payments position.

At the interbank foreign exchange, the rupee opened at 96.41 against the U.S. dollar and traded in the range of 96.13 to 96.42 during the day. The domestic unit finally settled for the day at 96.24 (provisional), higher by 12 paise from its previous close.

On Monday (July 20, 2026), the rupee fell 6 paise to 96.36 against the U.S. dollar.

The Reserve Bank on Monday (July 20, 2026) said its concessional swap facility, introduced to encourage foreign currency inflows, has attracted $20.72 billion till July 17. The swap facility has seen avid interest and attracted steady forex inflows since June 8, 2026.

A strong mobilisation was witnessed through Foreign Currency Non-Resident (Bank) or FCNR (B) deposits.

Of the total inflows, FCNR (B) deposits accounted for $17.406 billion, while Overseas Foreign Currency Borrowings (OFCBs) contributed $1.97 billion and External Commercial Borrowings (ECBs) amounted to $1.342 billion, the central bank said in a statement on Monday (July 20, 2026).

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.03% at 100.91.

Brent crude, the global oil benchmark, was trading 0.25% higher at $89.44 per barrel in futures trade.

The USD/INR pair continue to remain under pressure as the dollar index has touched 100.91 while oil prices were well bid at $89.44 per barrel, traders said, adding that the U.S.-Iran conflict and the Houthi-Saudi blockade could again risk the West Asia oil supplies.

On the domestic equity market front, Sensex declined 238.41 points to settle at 77,470.11, while the Nifty dipped 50.80 points to 24,187.70.

Foreign Institutional Investors offloaded equities worth ₹1,121.04 crore on a net basis on Monday (July 20, 2026), according to exchange data.