Indian rupee rises to 95.12 per dollar as oil prices fall after Trump halts Iran strike FAST-MOVING
The Indian rupee strengthened to 95.12 per US dollar in early trade on August 3, buoyed by a sharp drop in Brent crude after U.S. President Donald Trump announced a pause to planned strikes on Iran. Brent futures fell about 4‑5 % to roughly $84 per barrel, and the dollar index slipped 0.17 %. The move was reinforced by foreign institutional investor (FII) inflows, a rise in India’s foreign‑exchange reserves and continued RBI intervention.
The Reserve Bank of India’s Monetary Policy Committee began its three‑day meeting on August 3, with analysts expecting the repo rate to stay unchanged at 5.25 %. Meanwhile, Indian equity markets rallied: the Sensex jumped about 1 % to near 78,900 points and the Nifty rose about 0.8 % to around 24,560, driven by broad buying in banking, FMCG, metals and cement stocks. FIIs bought equities worth roughly Rs 277‑295 crore on Friday, and the combined market capitalisation of nine of the top‑10 Indian firms rose by Rs 2.51 lakh crore, with Bajaj Finance posting the biggest gain.
Entities: Brent crude · Central Bank of India (RBI) · Central Bank of Nigeria · Crude oil · Donald Trump · Indian equity market · Indian rupee · Naira · Nifty · Nifty 50 · Nigerian Exchange (NGX) · Reserve Bank of India
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Foreign Institutional Investors bought Indian equities worth about ₹5,950 crore during the week. (FII inflows)
- [○ 1 SOURCE] The combined market capitalisation of nine of the top‑10 Indian firms increased by Rs 2.51 lakh crore in the week. (existing)
- [○ 1 SOURCE] The Indian rupee strengthened to 95.13 per US dollar on August 3, 2026. (Currency movement)
- [● 4 SOURCES] The Sensex rose about 2.7 % to 78,094.64 and the Nifty gained roughly 2.6 % to 24,383.60 for the week ending August 2, 2026. (Market performance)
- [○ 1 SOURCE] President Donald Trump signaled negotiations with Iran, leading to a global oil price drop of more than 4 % on August 1, 2026. (Trump statement)
- [● 6 SOURCES] Brent crude futures fell more than 4 % to below $84 a barrel after Trump's statement. (new)
- [● 3 SOURCES] The Reserve Bank of India's Monetary Policy Committee began its three‑day meeting on August 3, 2026, with expectations of keeping the repo rate unchanged. (RBI policy meeting)
- [● 2 SOURCES] The Indian rupee rose to 95.12 per US dollar in early trade on Monday. (new)
- [● 4 SOURCES] The Nifty rose about 0.8 % to around 24,576 points in early trade. (new)
- [● 4 SOURCES] The Sensex surged about 1 % to around 78,895 points in early trade. (new)
- [● 6 SOURCES] President Donald Trump decided to hold off on ordering new strikes against Iran. (new)
- [● 2 SOURCES] The RBI's Monetary Policy Committee began its three‑day meeting on August 3, 2026. (existing)