Indian Rupee Finished The Day at 95.38

The Indian rupee closed at 95.38 on Friday in comparison to its previous 95.68 on Thursday. The Indian Rupee strengthened for the fourth consecutive session, with the USD/INR pair slipping to a two-week low near 95.30 due to a retreating US Dollar. This greenback weakness stemmed from market skepticism regarding the Federal Reserve's commitment to fighting inflation following cautious remarks from Fed Chair Kevin Warsh. However, further gains for the Rupee remain constrained by elevated crude oil prices driven by ongoing Middle East tensions. Investors are now shifting their focus toward the upcoming Reserve Bank of India policy decision on August 5, where the benchmark repurchase rate is widely expected to stay unchanged at 5.25%.

Nifty clocks 2% gains this week. Nifty reclaims 24,300-mark. Sensex gains over 100 points. Market breadth positive; vix drops 3%. Mid, smallcap indices outperform benchmarks. IT index breaks 5-day gaining streak. FMCG stocks under pressure. Auto stocks in the fast lane. IT sector top performer this week. Brent crude cools 9% this week. US futures, European markets climb. Rupee at 3-week high, up 1% this week. Nifty 50 gainers: Bajaj twins, Jio financial, M&M Nifty 50 losers: TCS, Max health, Infosys

Beaten-down Indian stocks and software exporters staged a strong rally in July 2026 as global investors pulled capital from crowded artificial intelligence trades in markets like the United States, South Korea, and Taiwan. This reversal transformed India's previous market lag into a distinct advantage, driving the Nifty IT index up 16.7% and bringing in over $1.6 billion in foreign equity inflows for the month. Major financial institutions such as HSBC, UBS, and Goldman Sachs responded by upgrading their outlooks on India, supported by improving corporate earnings, attractive valuations in sectors like financials and healthcare, and currency support measures from the central bank.