# Rupee cushioned by state-run bank dollar offers as futures expiry bites - The HinduBusinessLine

> The rupee rose 0.14% to 95.72 per dollar on July 29, near a two-week high, as state-run and foreign bank dollar sales offset demand tied to about $2.7 billion of futures expiry. Brent rose nearly 4% after falling over the previous three sessions on US-Iran talk hopes that were then dampened by strikes in Iraq.

- Date: 2026-07-29 · published 2026-07-29T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/18650-rupee-cushioned-by-state-run-bank-dollar-offers-as-futures-expiry-bites-the
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Routine futures-expiry flows and central bank operations are shifting the rupee only marginally, so the import cost effect for feed buyers is small, while oil swings remain the larger risk.

## Read by commodity

- BRENT: bullish ▲
- USDINR: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2024-02-09 | [Indian rupee weakens slightly on dollar demand from state-run banks, importers - Markets - Business Recorder](https://feedsoft.ai/events/31968-indian-rupee-weakens-slightly-on-dollar-demand-from-state-run-banks-importers.md) | +1.5% | +1.9% |
| BRENT | 2024-08-26 | [Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve](https://feedsoft.ai/events/28691-interest-rates-us-dollar-sinks-as-traders-position-for-rate-cuts-by-the-federal.md) | -0.2% | -5.6% |
| BRENT | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | +0.7% | -4.0% |
| BRENT | 2020-02-14 | [Rupee settles 6 paise lower at 71.37 against US dollar  - The Hindu](https://feedsoft.ai/events/54862-rupee-settles-6-paise-lower-at-71-37-against-us-dollar-the-hindu.md) | +5.5% | -43.0% |
| BRENT | 2021-10-08 | [Rupee slumps 20 paise to close at 74.99 against U.S. dollar - The Hindu](https://feedsoft.ai/events/44867-rupee-slumps-20-paise-to-close-at-74-99-against-u-s-dollar-the-hindu.md) | +2.2% | -2.2% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/forex/rupee-cushioned-by-state-run-bank-dollar-offers-as-futures-expiry-bites/article71280181.ece

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.