The Hindu·4 min read·hard
Rupee surges 61 paise to settle at 95.92 against U.S. dollar
P
PTI
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The Indian Rupee appreciated against the U.S. dollar following a de-escalation in tensions between the U.S. and Iran and a subsequent drop in global crude oil prices. Market analysts noted that RBI intervention and positive domestic equity trends also contributed to the currency's recovery.
The rupee appreciated sharply by 61 paise to close at 95.92 (provisional) against the U.S. dollar on Monday (July 27, 2026), driven by a steep correction in crude oil prices after the U.S. and Iran paused the war in West Asia , triggering hopes of easing global trade tensions.
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