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The Indian rupee gained 15 paise to settle at 95.35 per US dollar on July 31, extending its gains on foreign inflows and RBI dollar selling. Higher crude prices and a firmer dollar limited the rally as US-Iran missile exchanges continued.
A firmer rupee lowers the rupee cost of dollar-priced feed imports such as soymeal and corn, but sustained oil-driven pressure could force further RBI intervention and cap the gains.
thehindu.comPTIJul 29, 2026thehindu.comPTIJul 31, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
