RBI intervention lifts rupee 22 paise to 96.5 despite Brent crude topping $100
Rupee rose 22 paise to 96.5 against the US dollar on July 24, 2026, after the Reserve Bank of India intervened via state-owned banks.
Brent crude oil breached $100 per barrel, trading at $100.8 in futures, amid Middle East tensions and Houthi attacks on Saudi oil tankers in the Red Sea.
The dollar index was marginally lower at 101.43, providing limited support to the rupee.
Foreign institutional investors sold net equities worth Rs 2,999.23 crore on Thursday, capping rupee gains.
Domestic equities declined, with Sensex falling 512 points and Nifty 153 points in early trade.
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