Within the interbank overseas change market, the rupee opened at $95.25 towards the US forex and traded within the vary of $95.22-$95.48 throughout the session. Photographs are used for consultant functions solely. |Picture courtesy: Getty Photographs/iStockphoto
The sturdy greenback weighed on rising market currencies, with the rupee closing 20 paise decrease at 95.38 (provisional) towards the US greenback on Monday (July 6, 2026).
Within the interbank overseas change market, the rupee opened at $95.25 towards the US forex and traded within the vary of $95.22-$95.48 throughout the session.
The rupee in the end closed at 95.38 rupees (provisional), down 20 paise from the earlier shut.
On Friday (July 3, 2026), the rupee appreciated by 17 paise to shut at Rs 95.18 towards the US greenback.
“The Indian rupee weakened because the US greenback strengthened as markets continued to cost in price hikes this 12 months. Nevertheless, a robust home market and weak oil costs supported the rupee,” mentioned Anuj Chaudhary, analysis analyst at Mirai Asset Sharekhan.
“Demand hedging from importers may restrict the sharp upside. Merchants could take cues from PMI knowledge from ISM Providers. US dollar-Indian rupee spot value is predicted to commerce within the vary of 95.10-95.60,” Chaudhary added.
In the meantime, the greenback index, which measures the greenback’s power towards a basket of six currencies, rose 0.26% to commerce at 101.12.
Brent crude, the worldwide oil benchmark, was buying and selling 0.76% decrease at $71.57 per barrel in futures buying and selling.
Within the home inventory market, the Sensex rose 521.16 factors to shut at 78,285.07 and the Nifty rose 159.50 factors to 24,430.35.
International institutional traders turned patrons, shopping for shares price Rs 1,355.33 crore on a web foundation on Friday (July 3, 2026), in keeping with change knowledge.
Foreign exchange merchants mentioned that at any time when there’s contemporary overseas influx, the central financial institution is probably going to make use of the chance to rebuild overseas change reserves moderately than permitting the rupee to understand an excessive amount of.
India’s overseas change reserves fell by $5,654 million to $666,933 million within the week ended June 26, the RBI mentioned on Friday (July 3, 2026).
Within the earlier reporting week, kitten gross sales elevated by $963 million to $672,587 million.
Within the week ending February 27 this 12 months, earlier than the West Asian battle started, the kitty had expanded to an all-time excessive of $728.494 billion, however continued to fall for a number of weeks because the rupee got here below stress and central banks needed to intervene in overseas change markets by greenback promoting.
