The Hindu·3 min read·medium
Rupee gains 12 paise to close at 96.24 against U.S. dollar
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PTI
✦AI Summary
The Indian Rupee strengthened against the U.S. dollar, closing at 96.24 following significant foreign exchange inflows facilitated by Reserve Bank of India swap initiatives. These inflows, primarily through FCNR deposits, have bolstered the country's balance of payments position.
Rupee pared initial losses and settled for the day higher by 12 paise at 96.24 (provisional) against the U.S. dollar on Tuesday (July 21, 2026), as traders assessed the strong inflows related to the Reserve Bank’s initiatives to support foreign exchange liquidity amid global market uncertainties.
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