Rupee gains 5 paise to 95.77
Analysis based on 6 articles · First reported Jul 29, 2026 · Last updated Jul 29, 2026
The rupee's continued appreciation reflects improved investor sentiment and capital inflows, which may support Indian equities and reduce import costs. However, geopolitical tensions between the US and Iran could lead to oil price volatility, potentially reversing the currency's gains.
The India — Indian rupee appreciated by 5 paise to 95.77 against the US dollar in early trade on July 29, 2026, marking its fourth consecutive day of gains. The currency strengthened amid a weak US dollar and lower crude oil prices, supported by positive domestic equity market sentiment as foreign institutional investors turned net buyers of Indian stocks. The dollar index traded lower at 101.14 ahead of the United States — Federal Reserve's monetary policy announcements. Brent Crude futures rose 4.27% to $87.68 per barrel after Iran launched ballistic missiles at US forces, though all missiles were intercepted by US Central Command. On the domestic front, the S&P BSE Sensex climbed 682.57 points (0.89%) to 77,448.49, and the Nifty 50 rose 186.85 points (0.78%) to 24,172.20. Foreign institutional investors purchased equities worth Rs 755.33 crore on a net basis on July 28.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard