On Tuesday, the rupee settled at 96.24 against the US dollar, a rise of 12 paise from yesterday’s close. The currency opened at 96.41 and traded between 96.13 and 96.42 during the day.
Forex traders said India attracted $20.72 billion in foreign exchange through the RBI’s concessional swap facility since the start of June. This inflow has helped strengthen the country’s balance of payments.
The rupee opened at 96.41 and moved within a narrow band of 96.13 to 96.42 before closing at 96.24. The movement reflects the market’s confidence in the RBI’s liquidity support.
The Reserve Bank announced that the swap facility, introduced to boost foreign currency inflows, has drawn $20.72 billion up to 17 July 2026. The facility has attracted steady inflows since 8 June 2026.
Of the total inflows, FCNR (B) deposits accounted for $17.406 billion, Overseas Foreign Currency Borrowings (OFCBs) contributed $1.97 billion, and External Commercial Borrowings (ECBs) added $1.342 billion, according to the RBI.
The dollar index was slightly lower, at 100.91, while Brent crude rose 0.25 % to $89.44 a barrel. These global indicators suggest the rupee remains under pressure amid geopolitical risks.
In the equity market, the Sensex fell 238.41 points to 77,470.11 and the Nifty dropped 50.80 points to 24,187.70. Foreign institutional investors sold equities worth ₹1,121.04 crore on a net basis on Monday.
Overall, the rupee’s modest gain reflects the RBI’s successful liquidity measures, while global market uncertainty continues to influence currency and equity movements.