Rupee pared initial losses and settled for the day higher by 12 paise at 96.24 (provisional) against the U.S. dollar on Tuesday (July 21, 2026), as traders assessed the strong inflows related to the Reserve Bank’s initiatives to support foreign exchange liquidity amid global market uncertainties.
Forex traders said India attracted $20.72 billion in forex inflows under the swap facility since June, providing significant structural support to the country’s balance of payments position.
At the interbank foreign exchange, the rupee opened at 96.41 against the U.S. dollar and traded in the range of 96.13 to 96.42 during the day. The domestic unit finally settled for the day at 96.24 (provisional), higher by 12 paise from its previous close.
On Monday (July 20, 2026), the rupee fell 6 paise to 96.36 against the U.S. dollar.
The Reserve Bank on Monday (July 20, 2026) said its concessional swap facility, introduced to encourage foreign currency inflows, has attracted $20.72 billion till July 17. The swap facility has seen avid interest and attracted steady forex inflows since June 8, 2026.
