Rupee strengthens against US dollar in early trade on Thursday
The Indian rupee strengthened against the US dollar in early trade on Thursday as US bond yields and oil prices dropped after US President Donald Trump said the latest attacks on Iran would be short-lived despite indicating that the US remains prepared for further strikes, while reiterating claims that the US controls the Strait of Hormuz. Rupee improved further after data showed the Reserve Bank of India's special USD-INR forex swap facility attracted total inflows of $136.37 billion as of August 31, 2026. Meanwhile, Foreign Institutional Investors (FIIs) bought equities worth Rs 6,688.37 crore on a net basis on Wednesday, exchange data showed.
The partially convertible currency is currently trading at 94.45, stronger by 28 paise from its previous close of 94.73 on Wednesday. The currency touched a high and low of 94.4950 and 94.26 respectively.
