Within the interbank international trade market, the rupee opened at Rs 94.95 in opposition to the US greenback and stood at Rs 94.90 in opposition to the US greenback, registering a rise of 26 paise from the earlier shut. |Photograph courtesy: Getty Pictures/iStockphoto
The rupee appreciated by 26 paise in opposition to the US greenback to Rs 94.90 in early commerce on Thursday (July 2, 2026), supported by easing oil costs.
Foreign exchange merchants mentioned the rupee opened on a optimistic notice after oil costs fell to pre-conflict ranges in West Asia. International threat sentiment can also be secure in comparison with the panic seen a couple of weeks in the past.
Overseas buyers pumped practically $5.3 billion into India’s bond market in June, the primary optimistic influx after three consecutive months of outflows, the financial institution mentioned.
Within the interbank international trade market, the rupee opened at Rs 94.95 in opposition to the US greenback and stood at Rs 94.90 in opposition to the US greenback, up 26 paise from the earlier shut.
On Wednesday (July 1, 2026), the rupee depreciated by 60 paise to shut at Rs 95.16 in opposition to the US greenback.
“As new international capital begins flowing into India, the market believes that the RBI could proceed to soak up a good portion of those inflows slightly than permitting the rupee to understand utterly,” mentioned Amit Pavali, MD, CR Foreign exchange Advisors.
Regardless of optimistic FII inflows and falling oil costs, the rupee depreciated sharply. If the rupee fails to understand on excellent news, any unfavourable growth might simply push USD-INR in direction of the 95.80-96.00 zone. “For now, the bias stays to the upside, however 94.80 is prone to act as a key help stage,” he mentioned.
In the meantime, the greenback index, which measures the greenback’s energy in opposition to a basket of six currencies, was buying and selling 0.01% decrease at 101.38.
In the meantime, Brent crude, the worldwide oil benchmark, is buying and selling 1.13% decrease at $70.76 per barrel in futures buying and selling.
Within the home inventory market, the Sensex rose 377.40 factors to 77,269.54 in early commerce, whereas the Nifty rose 106.70 factors to 24,113.25.
Overseas institutional buyers bought shares value Rs 1,140.50 crore on a web foundation on Wednesday, in line with trade information.
