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Rupee surges 61 paise to settle at 95.92 against U.S. dollar

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Rupee surges 61 paise to settle at 95.92 against U.S. dollar
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RBI sees rupee as undervalued; inflows largely through FCNR (B) touch $32 billionAt 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. The Rupee's all-time low closing level of 96.86 was recorded on May 20.

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Original publisherThe Hindu
Canonical URLhttps://www.thehindu.com/business/markets/rupee-surges-61-paise-to-settle-at-9592-against-us-dollar/article71272411.ece
Publication timeMon, 27 Jul 2026 16:54:34 +0530
Retrieval time2026-07-27T11:31:14.111Z
Last seen2026-07-27T11:31:14.111Z
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Opening excerpt (first ~120 words) tap to expand

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. RBI sees rupee as undervalued; inflows largely through FCNR (B) touch $32 billionAt 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.

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