Rupee strengthens against US dollar in early trade on Friday

2026-07-17 12:27:19 pm | Source: Accord Fintech

Rupee strengthens against US dollar in early trade on Friday

News By Tags | #Rupee #USdollar #CurrencyNews #USFederalReserve #ReserveBankofIndia

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.

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Rupee strengthens against US dollar in early trade on Friday

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