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Traders expected the rupee to open around 95.50-95.55 per dollar on July 31 after the RBI sold dollars near 95.75 on Thursday, which the market treats as a near-term ceiling for USD/INR. The dollar had its biggest drop in three months on signs of yen-supporting intervention and shifting US rate expectations.
A perceived RBI ceiling near 95.75 limits USD/INR upside, which keeps dollar-priced feed import costs more predictable for Indian buyers while oil-driven volatility persists.
finimize.comFinimize NewsroomJul 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.
