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The rupee opened at a three-week high of 95.39 per dollar on July 31, up 29 paise, supported by a softer dollar index, lower crude and RBI dollar sales. Analysts said further gains could be limited unless crude risks ease.
A stronger rupee cuts the local cost of dollar-priced grain and oilseed imports, but India's oil vulnerability means crude moves can quickly reverse the currency's gains.
cnbctv18.comAnshulJul 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.
