The rupee strengthened by 13 paise to 95.63 against the U.S. dollar in early trade on Thursday (July 30, 2026), supported by positive momentum in domestic equity markets and inflows of foreign capital.

However, the Indian currency’s gain was capped by a strong dollar index after the U.S. Federal Reserve kept interest rates unchanged, forex traders said.

At the interbank foreign exchange, the rupee opened at 95.59 and lost some ground to 95.63 against the greenback, registering a gain of 13 paise from its previous close.

The rupee gained 6 paise to settle at 95.76 against the U.S. dollar on Wednesday (July 29, 2026). The currency settled 17 paise higher at 95.82 against the U.S. dollar on Tuesday (July 28, 2026), after gaining 74 paise in the previous two back-to-back sessions.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading up 0.06% at 101.79.

Brent crude futures, the global oil benchmark, were trading 1.26% lower at $89.60 per barrel.

According to analysts, crude prices reclaimed $90-per-barrel levels amid renewed fear of disruptions in global energy supplies, as fresh flare-ups between the U.S. and Iran, after a brief calm for three days, shattered hopes of ending the five-month conflict in West Asia.

The U.S. military said on Thursday (July 29, 2026), that they have struck ‘dozens’ of targets belonging to Iran’s Revolutionary Guard Corps in ‘a heavy wave of strikes against Iran’ conducted in response to an earlier Iranian missile attack on a U.S. base in Jordan.

On the domestic equity market front, Sensex rose 44.77 points, or 0.06%, to 77,699.37, while the Nifty was up 21.65 points, or 0.09%, to 24,270.20.

Foreign Institutional Investors purchased equities worth ₹2,981.87 crore on a net basis on Wednesday (July 29, 2026), according to exchange data.