Consultant picture. File | Photograph credit score: AFP
Regardless of escalating tensions in West Asia, the rupee appreciated by 14 paise to settle at 95.33 (provisional) in opposition to the US greenback on Friday (July 10, 2026) as a result of weakening greenback and falling oil costs.
Overseas alternate merchants mentioned uncertainty over overseas institutional investor outflows and renewed tensions in West Asia weighed on the native sector, whereas constructive sentiment within the home inventory market offered help.
The US launched new airstrikes in opposition to Iran early Thursday (July 9, 2026), and Tehran responded by concentrating on West Asian international locations allied with the US in a firefight that threatened an interim settlement aimed toward ending the battle.
A collection of assaults, together with one yesterday, have repeatedly threatened the ceasefire. However Thursday’s (July 9, 2026) assault appeared a lot bigger all over the place, with sirens blaring at the least thrice in Bahrain, house of the U.S. Navy’s fifth Fleet headquarters, and missiles concentrating on Kuwait and Qatar fired.
Within the interbank overseas alternate market, the rupee opened at $95.27 in opposition to the greenback, traded within the vary of $95.22-$95.42, and eventually settled at $95.33 (provisional), up 14 paise from the earlier shut.
The Indian foreign money rose by only one paisa on Thursday (July 9, 2026) to shut at 95.47 in opposition to the US greenback.
Anil Kumar Bhansali, head of finance and government director, Finrex Treasury Advisors LLP, mentioned: “The rupee rose to 95.22 within the morning on the decline within the greenback index, earlier than falling to 95.42 this afternoon. Nonetheless, the greenback continued to rise on shopping for by oil firms and importers. Bettering threat urge for food and expectations of continued portfolio inflows from overseas supported the rupee.”
The greenback index, which measures the greenback’s power in opposition to a basket of six currencies, was buying and selling 0.04% decrease at 100.86.
Brent crude, the worldwide oil benchmark, was buying and selling 0.62% decrease at $75.83 per barrel in futures buying and selling.
Within the home inventory market, the Sensex rose 827.57 factors (1.08%) to shut at 77,569.39, whereas the Nifty rose 244.10 factors (1.02%) to shut at 24,206.90.
Overseas institutional buyers bought shares value Rs 532.86 crore on a internet foundation on Thursday (July 9, 2026), in response to alternate information.
