HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Rupee softens marginally against dollar on Thursday
Jul-16-2026

Indian rupee has softened marginally against the US dollar on Thursday as foreign institutional investors (FIIs) continued to pull out capital from Indian markets. The FIIs were the net sellers on Wednesday’s session, offloading securities worth Rs 735.83 crore. Further, tensions in West Asia and high crude oil prices have spread caution among market participants. However, investors remained optimistic as the Reserve Bank of India’s (RBI) preliminary data on India’s balance of payments (BoP) has showed that India recorded a current account (net) surplus of $2.8 billion during April-May 2026, compared with a deficit of $4.1 billion in the corresponding period last year, mainly aided by higher inward remittances from abroad and a rise in services exports. On the global front, the British pound has weakened against the US dollar on Thursday despite UK economy expanding by 0.1% month-on-month in May 2026, rebounding from a 0.1% contraction in April.

Finally, the rupee ended at 96.29 (Provisional), weakened by 16 paise from its previous close of 96.25 on Wednesday. The currency touched a high and low of 96.37 and 96.22 respectively.

  RELATED NEWS >>