Rupee recovers 18 paise to settle at 96.55 against U.S. dollar
Rupee rises 22 paise to 96.51 against U.S. dollar in early tradeThe U.S. military announced the 13th night of strikes on Thursday (July 23, 2026) against Iran as clashes escalated over shipping routes. The attacks came after Yemen's Houthi rebels 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 gatewayV.
- ▪Rupee rises 22 paise to 96.51 against U.S. dollar in early tradeThe U.S. military announced the 13th night of strikes on Thursday (July 23, 2026) against Iran as clashes escalated over shipping routes.
- ▪The attacks came after Yemen's Houthi rebels 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 gatewayV.
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The rupee recovered 18 paise to close at 96.55 (provisional) against the U.S. dollar on Friday (July 24, 2026), amid likely intervention by the Reserve Bank of India (RBI).A combination of factors, including heightened tensions in West Asia, Foreign Institutional Investor outflows, and sustained negative sentiments at the domestic equity markets, maintained pressure on the local unit, according to forex traders.At the interbank foreign exchange, the rupee opened weaker at 96.81 and traded in the range of 96.30-96.81 before eventually settling at 96.55 (provisional), up 18 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 rises 22 paise to 96.51 against U.S. dollar in early tradeThe U.S.
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