Rupee gains 16 paise to 95.66 against U.S. dollar
The Indian rupee strengthened by 16 paise to 95.66 against the U.S. dollar on July 29, marking its fourth consecutive session of gains. This rise was bolstered by increased foreign capital inflows and a weakening of the U.S. dollar ahead of the Federal Reserve's interest rate decisions. The trend reflects positive sentiment in domestic equity markets and a decline in global crude prices.