The Indian rupee strengthened by 15 paise to 95.32 against the US dollar in early trade on July 10, 2026, according to forex market data. At the interbank foreign exchange market, the domestic currency opened at 95.27 per dollar before slipping slightly to 95.32, still up 15 paise from its previous close of 95.47.
Market Movements and Trading Range
During initial trading hours, the rupee moved within a narrow band, reflecting cautious sentiment among traders. The opening level of 95.27 marked the day's high so far, while the 95.32 level represented the early traded low. The 15-paise gain comes after a volatile week for the Indian currency.
Factors Influencing the Rupee
Forex analysts attributed the rupee's uptick to a combination of factors, including mild dollar selling by exporters and positive domestic equity market cues. The dollar index, which measures the greenback against a basket of six major currencies, was trading slightly lower, providing support to emerging market currencies like the rupee. Additionally, foreign portfolio investors have been net buyers in Indian equities recently, adding to the rupee's strength.
According to PTI, the previous close of the rupee was 95.47 against the US dollar.
