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Indian rupee strengthens against dollar on Friday
Jul-03-2026

Indian rupee has strengthened against the U.S. dollar on Friday amid softer dollar with U.S. Dollar Index falling below 101 mark as weaker-than-expected U.S. June jobs data fade expectations of an interest rate hike by the U.S. Federal Reserve. Data showed that U.S. Nonfarm payrolls increased by 57,000 jobs in June, slower than the downwardly revised 129,000 added in May and worse than the street forecast of 115,000. Meanwhile, India’s services sector remained in expansionary territory in the month of June but eased to the lowest reading in 17 months, as challenging market conditions and reduced client interest for some services stymied growth of total sales and output. According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index fell to 57.4 in June from 59.8 in May. On the global front, the South Korean won has strengthened against the U.S. dollar on Friday as South Korea's foreign exchange reserves unexpectedly increased to $427.4 billion in June despite market stabilization operations.

Finally, the rupee ended at 95.18 (Provisional), strengthened by 17 paise from its previous close of 95.35 on Thursday. The currency touched a high and low of 95.35 and 95.16 respectively.

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