Rupee rises nine paise to 95.67 against U.S. dollar

The rupee stayed steady for the fifth straight session and settled with a gain of 9 paise at 95.67 (provisional) against the U.S. dollar on Thursday (July 30, 2026), taking cues from positive domestic equity markets and inflows of foreign capital.

According to forex traders, a softening dollar also supported the local currency, but its upward move was restricted due to volatile crude oil prices, triggered by a fresh escalation of the war in West Asia.

At the interbank foreign exchange, the rupee opened at 95.59 and traded in the range of 95.56 to 95.75 against the greenback. The Indian unit ended the session at 95.67 (provisional) against the U.S. dollar, registering a gain of nine paise from its previous closing level.

The rupee gained 6 paise to settle at 95.76 against the U.S. dollar on Wednesday (July 29, 2026), after rising 97 paise in four back-to-back sessions since closing at 96.73 versus U.S. dollar on July 23.

“Traders may take cues from advance GDP, core PCE (Personal Consumption Expenditures) price index and weekly unemployment claims data from the U.S. USD-INR spot price is expected to move in a range of ₹95.40 to ₹96,” Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading down 0.05% at 101.67.

Brent crude futures, the global oil benchmark, were trading marginally lower by 0.12% at $90.63 per barrel.

Analysts said crude prices reclaimed $90-per-barrel levels amid renewed fear of disruptions in global energy supplies, as fresh flare-ups between the U.S. and Iran, after a brief calm, shattered hopes of an end to the five-month conflict in West Asia.

The U.S. military said on Thursday (July 30, 2026), that they have struck ‘dozens’ of targets belonging to Iran’s Revolutionary Guard Corps in ‘a heavy wave of strikes against Iran’ conducted in response to an earlier Iranian missile attack on a U.S. base in Jordan.

On the domestic equity market front, the Sensex climbed 273.55 points, or 0.35%, to settle at 77,928.15, while the Nifty went up 66.95 points, or 0.28%, to 24,317.15.

Foreign Institutional Investors purchased equities worth ₹2,981.87 crore on a net basis on Wednesday (July 29, 2026), according to exchange data.