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The rupee weakened by 11 pecs to 96.36 towards the US greenback in early commerce on Wednesday (22 July 2026) as crude oil costs rose amid renewed geopolitical tensions and demand for the US greenback elevated as traders turned to safe-haven belongings.
International alternate merchants mentioned considerations in regards to the security of crude oil transport by the Purple Sea and Strait of Hormuz continued to help oil costs.
Moreover, Houthi threats to delivery and ongoing hostilities between the US and Iran keep a geopolitical threat premium available in the market.
Within the interbank international alternate market, the rupee opened at Rs 96.36, down 11 paise from the earlier shut.
On Tuesday (July 21, 2026), the rupee settled at 96.25 towards the American forex.
In the meantime, the greenback index, which measures the greenback’s power towards a basket of six currencies, was buying and selling 0.01% decrease at 101.15, because the current escalation within the US-Iranian battle elevated demand for the buck as a safe-haven forex.
Brent crude, the worldwide oil benchmark, was buying and selling 1.18% greater at 92.08 ₹ per barrel in futures buying and selling.
Anil Kumar Bhansali, Head of Finance and Govt Director, Finrex Treasury Advisors LLP, mentioned RBI’s measures to draw international deposits have generated vital international alternate inflows, boosted market confidence and supported the rupee.
Bhansali mentioned sellers are eyeing central financial institution participation by state-owned banks to clean out fluctuations in forex markets.
“The central financial institution seems to be permitting gradual changes whereas stopping disorderly actions,” he added.
Within the home inventory market, the 30-share benchmark index Sensex was buying and selling 0.52 per cent decrease at 77,070.61 and Nifty was buying and selling 0.34 per cent decrease at 24,104.40.
International institutional traders purchased shares price Rs 1,650.16 crore on Tuesday, in keeping with alternate knowledge.
