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Rupee strengthens against US dollar in early trade on Wednesday
Jul-29-2026
The Indian rupee strengthened against the US dollar in early trade on Wednesday, amid a weak American currency ahead of the Federal Reserve monetary policy announcements. Rupee sentiments improved further due to firm domestic markets after foreign institutional investors started buying Indian stocks. Foreign Institutional Investors (FIIs) bought equities worth Rs 755.33 crore on a net basis on Tuesday, exchange data showed. However, some gains were limited by firm crude oil prices after joint strikes ‌in Iraq by the United States and Saudi Arabia, the interception of Iranian ballistic missiles ⁠targeting US forces in the Middle East, and a drop in US crude inventories.

The partially convertible currency is currently trading at 95.67, stronger by 15 paise from its previous close of 95.82 on Tuesday. The currency touched a high and low of 95.80 and 95.66 respectively.

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