{
  "id": 38600,
  "title": "Capital inflows, RBI support limit rupee's decline despite 20% oil price surge in July: Report",
  "url": "https://urgent.news/2026/08/02/capital-inflows-rbi-support-limit-rupees-decline-despite-20-oil-price",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-02T09:14:08.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/forex/capital-inflows-rbi-support-limit-rupees-decline-despite-20-oil-price-surge-in-july-report/article71297426.ece"
  },
  "original_language": "en",
  "account": "A recent Bank of Baroda research report reveals that the Indian rupee's limited decline in July was partly due to capital inflows and support from the Reserve Bank of India (RBI), despite a surge in global crude oil prices. The rupee depreciated by just 0.8 per cent in July, driven by a weaker US dollar and strong foreign capital inflows, according to the report. Foreign portfolio investment (FPI) inflows reached a 22-month high, fueled by stronger equity inflows, while the RBI's special measures attracted $40.8 billion in inflows. A 1.3 per cent decline in the US Dollar Index (DXY) during July also aided the rupee's resilience, despite higher oil prices impacting the domestic currency. India's external position remains solid, supported by strong remittances, a higher services surplus, and robust foreign exchange reserves. Looking ahead, uncertainty from the West Asia conflict may keep oil prices high and currency market volatility, but continued capital inflows and RBI policies should curb further rupee weakness, with the INR expected to trade within the range of 95.25-95.75 against the US dollar in the near term.",
  "summary": "BoB says a decline in the US Dollar Index (DXY) by 1.3% during July also provided support to the rupee, even as higher crude oil prices weighed on the domestic currency",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}