Rupee rises 22 paise to 96.51 against U.S. dollar in early trade
Rupee slips 4 paise to settle at 96.57 against U.S. dollarThe 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. Yemen's Iranian-backed Houthis say they will block Saudi shipping at Red Sea gateway"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.
- ▪Rupee slips 4 paise to settle at 96.57 against U.S. dollarThe 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.
- ▪Yemen's Iranian-backed Houthis say they will block Saudi shipping at Red Sea gateway"The key factors for the weak opening of the rupee were — Brent crude oil remained elevated, increasing dollar demand from Indian oil marketing companies wh
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| Publication time | Fri, 24 Jul 2026 11:09:30 +0530 |
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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). Rupee slips 4 paise to settle at 96.57 against U.S. dollarThe U.S.
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