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The Hindu
a day ago
- Business
- The Hindu
Rupee rises 31 paise to close at 85.31 against U.S. dollar
The rupee pared initial losses and jumped 31 paise to close at 85.31 (provisional) against the U.S. dollar on Thursday (July 3, 2025), following a weak greenback against major crosses overseas and a decline in U.S. treasury yields. Forex traders said the dollar declined on weaker-than-expected ADP Non-Farm Employment data from the U.S. A decline in global crude oil prices also supported the local unit, they added. At the interbank foreign exchange, the domestic unit opened at 85.69 against the American currency and touched an intra-day high of 85.19 and a low of 85.70 during the session. The local unit finally settled at 85.31 (provisional), 31 paise higher than its previous closing price. On Wednesday, the rupee depreciated 3 paise to close at 85.62 against the U.S. dollar. "The Indian rupee rose sharply on Friday on a weak U.S. Dollar and a decline in U.S. treasury yields. A decline in crude oil prices also favoured the rupee. However, weak domestic markets capped sharp gains," said Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.05% to 96.82. Brent crude, the global oil benchmark, fell by 1.01% to $68.41 per barrel in futures trade. "We expect the rupee to strengthen on a weak U.S. Dollar and rise in risk appetite in global markets. Overall, a weak tone in crude oil may also support the domestic currency. However, uncertainty over trade tariffs may cap sharp gains," Mr. Choudhary said. Going ahead, traders may take cues from the Non-Farm payrolls report from the U.S.. "USD/INR spot price is expected to trade in a range of 84.90 to 85.60," Mr. Choudhary said. Meanwhile, in the domestic equity market, the Sensex declined 170.22 points or 0.20% to 83,239.47, while Nifty fell 48.10 points or 0.19% to 25,405.30. Foreign institutional investors (FIIs) offloaded equities worth ₹1,561.62 crore on a net basis on Wednesday, according to exchange data.
Deccan Herald
a day ago
- Business
- Deccan Herald
Rupee rises 31 paise to close at 85.31 against US dollar
Forex traders said the dollar declined on weaker-than-expected ADP Non-Farm Employment data from the US.
Time of India
a day ago
- Business
- Time of India
Rupee rises 31 paise to close at 85.31 against US dollar
The rupee pared initial losses and jumped 31 paise to close at 85.31 (provisional) against the US dollar on Thursday, following a weak greenback against major crosses overseas and a decline in US treasury yields. Forex traders said the dollar declined on weaker-than-expected ADP Non-Farm Employment data from the US. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Få din gratis 30 dages prøveperiode med Oticon Real Bedste Høreapparater Lær mere Undo A decline in global crude oil prices also supported the local unit, they added. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Ads By Google Ad will close in 30 Skip ad in 5 Skip Ad At the interbank foreign exchange, the domestic unit opened at 85.69 against the American currency and touched an intra-day high of 85.19 and a low of 85.70 during the session. The local unit finally settled at 85.31 (provisional), 31 paise higher than its previous closing price. Live Events On Wednesday, the rupee depreciated 3 paise to close at 85.62 against the US dollar. "The Indian rupee rose sharply on Friday on a weak US Dollar and a decline in US treasury yields. A decline in crude oil prices also favoured the rupee. However, weak domestic markets capped sharp gains," said Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.05 per cent to 96.82. Brent crude, the global oil benchmark, fell by 1.01 per cent to USD 68.41 per barrel in futures trade . "We expect the rupee to strengthen on a weak US Dollar and rise in risk appetite in global markets. Overall, a weak tone in crude oil may also support the domestic currency. However, uncertainty over trade tariffs may cap sharp gains," Choudhary said. Going ahead, traders may take cues from the Non-Farm payrolls report from the US. "USD/INR spot price is expected to trade in a range of 84.90 to 85.60," Choudhary said. Meanwhile, in the domestic equity market, the Sensex declined 170.22 points or 0.20 per cent to 83,239.47, while Nifty fell 48.10 points or 0.19 per cent to 25,405.30. Foreign institutional investors (FIIs) offloaded equities worth Rs 1,561.62 crore on a net basis on Wednesday, according to exchange data.
