Forex

Rupee Rises Against Dollar as US Currency Weakens and Crude Prices Fall

Guavy AI Editorial Team Published July 29, 2026

Instruments

USD

The Indian rupee strengthened against the US dollar in early trade on July 29, appreciating by 5 paise to 95.77.

This marks the fourth consecutive day of a firm Indian currency, as the rupee benefits from a weak American currency and lower crude oil prices.

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

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