The Indian rupee recorded its strongest single-day surge in weeks, gaining 66 paise against the U.S. dollar following optimistic statements from the Reserve Bank of India Governor regarding national foreign exchange reserves.
Currency traders responded to central bank assurances of robust foreign reserve buffers, driving the rupee higher across interbank foreign exchange markets.
Financial analysts noted that the currency appreciation was further supported by foreign portfolio inflows into domestic equity markets.
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Sources:
https://timesofindia.indiatimes.com/business/india-business/gold-price-prediction-today-where-are-gold-rates-headed-on-july-28-2026-and-in-the-near-term-mcx-gold-silver-prices/articleshow/132677801.cms