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Indian rupee strengthens against dollar on Tuesday
Jul-07-2026

Indian rupee has strengthened against the U.S. dollar on Tuesday as Brent crude oil prices remained below the $73 a barrel mark. The softer crude oil prices eased concerns over rise in inflation. Besides, fund inflows from foreign institutional investors (FIIs) supported the rupee. FIIs were the net buyer on Monday’s session with net buying of securities worth Rs 243.03 crore. Moreover, investors remained optimistic after Commerce and Industry Minister Piyush Goyal said that India and the European Union (EU) are likely to complete the legal scrubbing of the free trade agreement (FTA) within the next 15-20 days. On the global front, the Japanese yen has strengthened against the U.S. dollar on Tuesday amid absence of intervention from Japanese authorities.

Finally, the rupee ended at 94.97 (Provisional), strengthened by 46 paise from its previous close of 95.43 on Monday. The currency touched a high and low of 95.37 and 94.93 respectively.

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