2026-07-17 12:27:19 pm | Source: Accord Fintech
Rupee strengthens against US dollar in early trade on Friday
The Indian rupee strengthened against the US dollar in early trade on Friday buoyed by firm domestic equity markets, while the RBI has been intervening in both the spot and non-deliverable forward markets to reduce excessive volatility in the currency. The rupee also got support from a tame US inflation report this week, which led traders to cut bets on imminent rate hikes by the US Federal Reserve. However, heavy foreign fund outflows and higher global crude oil prices amid escalating US-Iran tensions prevented further gains in the rupee. Foreign Institutional Investors offloaded equities worth Rs 4,205.56 crore on a net basis on Thursday, exchange data showed.
The partially convertible currency is currently trading at 96.36, stronger by 6 paise from its previous close of 96.42 on Thursday. The currency touched a high and low of 96.37 and 96.27 respectively.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Gujarat Deputy Chief Minister inaugurates HCL Tech's...
Evening Roundup : Daily Evening Report on Bullion, B...
India to remain at core of realme's long term growth...
Tesla sells fewer than 500 cars in first year of Ind...
Government to release revised Index of Core Industri...
GCCs account for 45 pc of gross office leasing in In...
EU cementing ties with India as bloc looks beyond China
Bharat Tex 2026 secures Rs 14,300 crore investment c...
Central Bank of India clocks 13 pc jump in Q1 profit...
Sensex jumps 965 points, Nifty tops 24,300 on buying...
