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fxJul 3, 2026, 5:19 AM

Indian Rupee Rises as Weak US Jobs Data Pressures Dollar

The Indian Rupee strengthened against the US Dollar on Friday after weaker-than-expected Nonfarm Payrolls data weighed on the greenback, pushing USD/INR below 95.26.

USDINR

The Indian Rupee (INR) gained ground against the US Dollar (USD) on Friday, with the USD/INR pair dropping to near 95.26. The move was driven by broad-based US Dollar weakness following the release of disappointing Nonfarm Payrolls (NFP) data for June.

Weak employment figures reduced expectations for aggressive Federal Reserve tightening, putting downward pressure on the dollar. As a result, emerging market currencies like the rupee benefited.

Source: FXStreet Forex News