Rupee ends losing run on whiff of FPI flows into stocks

July 4, 2026

The Indian rupee strengthened on Friday, ending its four-day decline to close at 94.21 against the dollar. This recovery was fueled by modest foreign investment in local stocks and a weaker global dollar, influenced by a tepid US jobs report. While sentiment improved, traders remain watchful of geopolitical developments ahead of the market’s reopening.

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