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rupee closed higher for the second straight session at 96.3200 per Dollar on Friday (17 July 2026), versus its previous close of 96.4600 per Dollar.Powered by Capital Market - Live News

The Indian rupee rose 14 paise to settle at 96.28 (provisional) against the US dollar on Friday after four consecutive sessions of decline. Elevated tensions in West Asia, which pushed up global oil prices, maintained pressure on the local unit. However, Indian shares that rallied today with expectations around an upcoming MSCI Index rebalancing and the cooling of Asia`s AI chip rally boosted sentiments. The Indian benchmark indices ended sharply higher today, with the BSE Sensex surging 964.58 points (1.25%) to close at 78,151.45 and the NSE Nifty 50 rallying 261.55 points (1.09%) to settle at 24,334.30. In the interbank foreign exchange market, the rupee opened at 96.35 against the greenback and traded in a narrow range of 96.27-96.41. Eventually it settled at 96.28 (provisional), up 14 paise from its previous close.Powered by Capital Market - Live News

The dollar index is seen steadying around 100.54 on Friday, driven by safe haven demand amid ongoing tensions in Middle East although softer-than-expected US inflation is reducing expectations of near-term Federal Reserve rate hikes. The counter is however on track for a weekly dip of around 0.22%. As per reports, the US military carried out a sixth consecutive night of air strikes against Iran on Thursday and also struck an empty oil tanker headed for Kharg Island as part of its renewed naval blockade on Iranian ports. Meanwhile, Iran carried out attacks on US military facilities across the region, raising fears of a return to all-out war and keeping the geopolitical risk premium in play. Re-escalation of Middle East crisis is pushing oil prices higher and deepening inflation worries and reinforcing expectations of elevated US interest rates. The developments surrounding Middle East conflicts are overshadowing recent optimism over easing inflation. Powered by Capital Market - Live News

The Indian rupee recovered some momentum and gained 14 paise to 96.28 against the US dollar in opening trades on Friday, buoyed by positive sentiments at the domestic equity markets. However, heavy FII outflows and higher global crude oil prices amid heightened tensions in West Asia prevented further gains in the local unit. At the interbank foreign exchange, the rupee opened at 96.35 against the greenback before rising further to 96.28, up 14 paise from its previous close. Yesterday, rupee ended at 96.42 per dollar, near an eight week low. Indian shares opened higher on Friday despite weak cues from global markets. The benchmark BSE Sensex was up 625 points, or 0.8 percent, at 77,812 in early trade while the broader NSE Nifty index surged 162 points, or 0.7 percent, to 24,235. Meanwhile, DXY is aso staying slightly upbeat amid on going tensions in Middle East, weighing on the counter.Powered by Capital Market - Live 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