Archive · 24 Jul 2026
Rupee Rises 22 Paise Against US Dollar
The rupee went up by 22 paise to 96.51 against the US dollar in early trade on Friday.
This happened because the Reserve Bank of India (RBI) likely stepped in to stop the rupee from falling further.
The price of global crude oil went above USD 100 per barrel due to tensions in West Asia.
A weaker US dollar gave some support to the rupee, but foreign investors selling shares and the stock market going down put pressure on it.
The RBI's actions prevented a bigger drop in the rupee's value.
The rupee rose 22 paise to 96.51 against the US dollar in early trade on Friday.
Likely RBI intervention stemmed further slide due to global crude oil prices crossing USD 100-mark.
Softer greenback provided mild support to the local unit.
FII outflows and sustained slide in domestic equity markets maintained pressure on the rupee.
RBI intervention via state-owned banks prevented a much larger depreciation.
- Who
- RBI, Forex Traders, Anil Kumar Bhansali
- What
- Rupee rose 22 paise against the US dollar
- When
- Friday, early trade
- Where
- Mumbai
- Why
- Likely RBI intervention to stem further slide due to global crude oil prices crossing USD 100-mark and heightened tensions in West Asia
Market Pressures
RBI Intervention
Market Pressures
Market Pressures
Global crude oil prices crossing USD 100, FII outflows, and sustained slide in domestic equity markets maintained pressure on the rupee.
RBI Intervention
RBI intervention via state-owned banks prevented a much larger depreciation of the rupee.
- Opening Rate
- 96.81
- Closing Rate (Previous Day)
- 96.73
- Current Rate
- 96.51
- Dollar Index
- 101.43
- Brent Crude Price
- USD 100.8 per barrel
- FII Outflows
- Rs 2,999.23 crore
- Sensex Opening
- 75,869.38
- Nifty Opening
- 23,713.60