News

Rupee closed higher at 96.4600 per Dollar on Thursday (16 July 2026), versus its previous close of 96.4750 per Dollar.Powered by Capital Market - Live News

The Indian rupee continues to stay pressured near record low levels against the dollar for the fourth straight day, shedding 8 paise to settle at 96.33 (provisional) amid volatility in global crude oil prices and a stronger greenback as the West Asia crisis intensified. FII outflows put further pressure on the local unit. At the interbank foreign exchange, the rupee opened at 96.28 against the greenback and traded in a range of 96.22-96.37 during the session. It settled at 96.33 (provisional), down 8 paise from its previous close. Indian shares gave up early gains to end on a flat note on Thursday as traders focused on inflation risks stemming from higher energy prices and supply disruptions linked to the Iran war. While softer-than-expected U.S. inflation data eased concerns about near-term Federal Reserve interest-rate hikes, there are fears that higher energy prices as a result of mounting geopolitical risks in the Middle East could keep global interest rates elevated. The local benchmark indices ended flat following a volatile trading session, with the BSE Sensex closing at 77,186.87 (up 1.44 points) and the NSE Nifty 50 closing at 24,072.75 (down 5.75 points).Powered by Capital Market - Live News

British Pound slipped today after a massive jump in last session as markets eyed tepid economic data. The UK industrial production slipped in May due to a sharp drop in mining and quarrying. Production output dipped 0.5% from the previous month, following a 0.2% increase in April and flat growth in March, according to the Office for National Statistics, or ONS. Mining and quarrying output contracted 4.6% in May, while water supply and sewerage production fell 2.4% and electricity and gas output edged down 0.1%. GBP/USD Pair had spiked more than 1% in last session and approached near two-month high. The counter eased today and currently quotes at 1.3523, down 0.10% on the day. Powered by Capital Market - Live News

The Indian rupee is seen adding to recent streak of decline and pushing further near its all-time low levels in opening trades on Thursday amid escalating tensions in Middle East that is keeping oil prices elevated. The US reportedly launched another wave of strikes against Iran on Wednesday, expanding attacks on military targets along the country`s southern coast. INR opened at Rs 96.28 per dollar and hit a low of 95.35 so far during the day amid volatility in global crude oil prices and a stronger greenback with the West Asia crisis showing no signs of abating. The counter is lingering around an 8-week low. FII outflows continued to weigh on the local unit while a positive start to the day at the domestic equity markets provided support. The Indian benchmark indices commenced on a positive note on Thursday, primarily led by strong gains in the Information Technology (IT) sector, following supportive cues from Wall Street. BSE Sensex is trading around 77,356.12 (up 170 points) and the NSE Nifty 50 is hovering at 24,125.05 (up 46 points) during early trading hours. Yesterday, the counter settled at 96.25 per dollar. Powered by Capital Market - Live News

The Indian rupee fell 16 paise to close at 96.32 (provisional) against the US dollar on Wednesday, weighed down by heightened tensions in West Asia and a rise in global crude oil prices. However, positive sentiments in the domestic equity markets and a weaker greenback prevented a sharper decline in the local unit. Indian shares pared early gains to end marginally higher on Wednesday as escalating Middle East tensions raised concerns that the United States and Iran may return to an all-out war. Markets opened on a positive note and sustained positive momentum during afternoon session after U.S. President Donald Trump backed away from his plan to impose a 20 percent charge on cargo shipments through the Strait of Hormuz and softer-than-expected U.S. inflation data curbed bets for a near-term rate hike by the Federal Reserve. The NSE Nifty 50 closed at 24,078.50 (+0.11%) and the BSE Sensex settled at 77,185.43 (+0.17%) following a highly volatile trading session. At the interbank foreign exchange market, the rupee opened at 96.12 and traded in the range of 96.04-96.32 during the session. It settled at 96.32 (provisional), down 16 paise from its previous close.Powered by Capital Market - Live News