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The Hindu
8 hours ago
- Business
- The Hindu
Rupee weakens 12 paise to settle at 86.52 against U.S. dollar
The rupee declined 12 paise to settle at 86.52 (provisional) against the U.S. dollar on Friday (July 25, 2025), tracking negative domestic equity markets and surging global crude oil prices. A strengthening American currency overseas and foreign fund outflows further weighed on the local unit, forex traders said. At the interbank foreign exchange, the domestic unit opened at 86.59 and hit the lowest level of 86.63 against the greenback. The unit touched the intra-day peak of 86.47 before ending the session at 86.52 (provisional), registering a loss of 12 paise from its previous closing level. On Thursday (July 24, 2025), the rupee saw some initial recovery but ended the session just 1 paisa higher at 86.40 against the U.S. dollar. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee weakened due to a surge in crude oil prices and weakness in the domestic markets, which also fuelled the withdrawal of foreign institutional investors. He said the rupee is expected to trade with a slight negative bias amid uncertainty ahead of the August 1 trade deal deadline and geopolitical tensions between Thailand and Cambodia. "Traders may take cues from the durable goods orders data from the US. Investors may remain cautious ahead of the US Federal Reserve and Bank of Japan's monetary policy decisions next week. USD-INR spot price is expected to trade in a range of Rs 86.30 to Rs 86.90," Choudhary added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.33% to 97.44. Analysts attributed the recovery in the dollar index to favourable employment data in the U.S. Brent crude, the global oil benchmark, went up by 0.42% to $69.47 per barrel in futures trade, as developing trade agreements have supported the upward movement in Brent oil prices. Forex traders said the uncertainty over the India-US trade deal has been an overhang for the forex market. If the discussions fail or get delayed, Indian exporters could face fresh pressure — adding to the rupee's challenges. However, if a deal is reached, it could offer a much-needed breather. Until then, the uncertainty is likely to keep market participants cautious. Meanwhile, in the domestic equity market, Sensex crashed 721.08 points or 0.88% to 81,463.09, while Nifty tanked 225.10 points or 0.90% to 24,837. Foreign institutional investors (FIIs) offloaded equities worth ₹2,133.69 crore on a net basis on Thursday, according to exchange data.
News18
8 hours ago
- Business
- News18
Rupee weakens 12 paise to settle at 86.52 against US dollar
Mumbai, Jul 25 (PTI) The rupee declined 12 paise to settle at 86.52 (provisional) against the US dollar on Friday, tracking negative domestic equity markets and surging global crude oil prices. A strengthening American currency overseas and foreign fund outflows further weighed on the local unit, forex traders said. At the interbank foreign exchange, the domestic unit opened at 86.59 and hit the lowest level of 86.63 against the greenback. The unit touched the intra-day peak of 86.47 before ending the session at 86.52 (provisional), registering a loss of 12 paise from its previous closing level. On Thursday, the rupee saw some initial recovery but ended the session just 1 paisa higher at 86.40 against the US dollar. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee weakened due to a surge in crude oil prices and weakness in the domestic markets, which also fuelled the withdrawal of foreign institutional investors. He said the rupee is expected to trade with a slight negative bias amid uncertainty ahead of the August 1 trade deal deadline and geopolitical tensions between Thailand and Cambodia. 'Traders may take cues from the durable goods orders data from the US. Investors may remain cautious ahead of the US Federal Reserve and Bank of Japan's monetary policy decisions next week. USD-INR spot price is expected to trade in a range of Rs 86.30 to Rs 86.90," Choudhary added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.33 per cent to 97.44. Analysts attributed the recovery in the dollar index to favourable employment data in the US. Brent crude, the global oil benchmark, went up by 0.42 per cent to USD 69.47 per barrel in futures trade, as developing trade agreements have supported the upward movement in Brent oil prices. Forex traders said the uncertainty over the India-US trade deal has been an overhang for the forex market. If the discussions fail or get delayed, Indian exporters could face fresh pressure — adding to the rupee's challenges. However, if a deal is reached, it could offer a much-needed breather. Until then, the uncertainty is likely to keep market participants cautious. Meanwhile, in the domestic equity market, Sensex crashed 721.08 points or 0.88 per cent to 81,463.09, while Nifty tanked 225.10 points or 0.90 per cent to 24,837. Foreign institutional investors (FIIs) offloaded equities worth Rs 2,133.69 crore on a net basis on Thursday, according to exchange data. PTI HVA BAL BAL view comments First Published: July 25, 2025, 16:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Print
2 days ago
- Business
- The Print
Rupee falls 7 paise to close at 86.38 against US dollar
The weakness in the American currency and softening of crude oil prices supported the rupee at lower levels, while foreign fund outflows and a negative trend in domestic equities weighed on the local unit and restricted the upside. Forex traders said, all eyes are now on the outcome of India-US trade talks, especially as the August 1 deadline for potential tariffs on Indian exports draws near. Mumbai, Jul 22 (PTI) The rupee pared initial gains and settled for the day down 7 paise at 86.38 against the US dollar on Tuesday, amid uncertainty over the US-India trade deal ahead of the August 1 deadline. At the interbank foreign exchange, the domestic unit opened at 86.26 against the greenback and touched an intra-day high of 86.22 and a low of 86.41 against the greenback. At the end of Tuesday's trading session, the local unit settled at 86.38, down 7 paise over its previous closing price. This was rupee's fifth straight session of decline since July 16 when the unit had lost 16 paise and ended at 85.92 against the dollar. On Monday, the rupee depreciated 15 paise to close at 86.31 against the US dollar. 'We expect the rupee to trade with a slight negative bias on trade deal talks. However, weakness in the American currency and softening of crude oil prices may support the rupee at lower levels,' Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said. Dilip Parmar, Research Analyst, HDFC Securities said the rupee depreciated for the fifth consecutive day, driven by risk-averse market sentiment and consistent dollar demand. 'Regional currencies remain range-bound as the dollar consolidates amid geopolitical uncertainties. Near-term, spot USD-INR has support at 85.95 and resistance at 86.70,' he added. Meanwhile, the US team will visit India in August for the next round of negotiations for the proposed bilateral trade agreement between the two countries, an official said on Monday. India and the US teams concluded the fifth round of talks for the agreement last week in Washington. These deliberations are important as both sides are looking at finalising an interim trade deal before August 1, which marks the end of the suspension period of Trump tariffs imposed on dozens of countries, including India (26 per cent). If the discussions fail or get delayed, Indian exporters could face fresh pressure — adding to the rupee's challenges. However, if a deal is reached, it could offer a much-needed breather. Until then, the uncertainty is likely to keep market participants cautious. 'Traders may remain cautious ahead of PMI and durable goods orders data from the US this week,' Choudhary said, adding that USD-INR spot price is expected to trade in a range of 86.10 to 86.65. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 per cent to 97.82. Brent crude, the global oil benchmark, fell 0.94 per cent to USD 68.56 per barrel in futures trade. In the domestic equity market, the 30-share BSE Sensex declined 13.53 points, or 0.02 per cent, to close at 82,186.81, while the Nifty fell 29.80 points, or 0.12 per cent, to settle at 25,060.90. Foreign institutional investors (FIIs) offloaded equities worth Rs 3,548.92 crore on a net basis on Tuesday, according to exchange data. PTI DRR HVA This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Hindu
2 days ago
- Business
- The Hindu
Rupee falls for sixth straight session, ends 3 paise lower against U.S. dollar
The rupee stayed weak for the sixth consecutive session and settled with a loss of 3 paise at 86.41 (provisional) against the dollar on Wednesday (July 23, 2025), amid a strong American currency and outflow of foreign funds. Forex traders said the domestic unit, however, found some cushion due to lower crude oil prices and heavy buying in domestic equity markets in line with global trends after the U.S. announced a trade deal with Japan. At the interbank foreign exchange, the Indian currency opened weak at 86.46 and touched the intra-day peak of 86.34 against the greenback. The unit ended the session at 86.41 (provisional), registering a loss of 3 paise from its previous closing level. At the end of Tuesday's (July 22) trading session, the local unit settled at 86.38, down 7 paise over its previous close. This was rupee's fifth straight session of decline since July 16 when the unit had lost 16 paise and settled at 85.92 against the dollar. Decline in crude oil prices offsets FIIs' outflows Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee weakened on a strong greenback and foreign institutional investors' outflows. However, overnight decline in crude oil prices and positive domestic equities cushioned the downside. "Traders may take cues from PPI and industrial production data from the US. USD-INR spot price is expected to trade in a range of ₹85.60 to ₹86.30," he added. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 97.16. Analysts attributed gains in dollar index to higher inflation in the U.S. that has reduced hopes for an interest rate cut by the Federal Reserve. Brent crude, the global oil benchmark, declined 0.52 per cent to USD 68.23 per barrel in futures trade. According to experts, investors are awaiting the outcome of India-U.S. trade talks ahead of the August 1 deadline as Indian exporters are staring at higher tariffs in American market. If the discussions fail or get delayed, Indian exporters could face fresh pressure — adding to the rupee's challenges. The U.S. team will visit India in August for the next round of negotiations for the proposed bilateral trade agreement between the two countries. India and the U.S. teams concluded the fifth round of talks for the agreement last week in Washington. Meanwhile, in the domestic equity market, Sensex climbed 539.83 points, or 0.66 per cent, to 82,726.64, while Nifty rose 159.00 points, or 0.63 per cent, to 25,219.90. Foreign institutional investors (FIIs) offloaded equities worth ₹3,548.92 crore on a net basis on Tuesday (July 22), according to exchange data.
Mint
2 days ago
- Business
- Mint
Rupee falls for sixth straight session, ends 3 paise lower at 86.41 against US dollar
Mumbai, The rupee stayed weak for the sixth consecutive session and settled with a loss of 3 paise at 86.41 against the dollar on Wednesday, amid a strong American currency and outflow of foreign funds. Forex traders said the domestic unit, however, found some cushion due to lower crude oil prices and heavy buying in domestic equity markets in line with global trends after the US announced a trade deal with Japan. At the interbank foreign exchange, the Indian currency opened weak at 86.46 and touched the intra-day peak of 86.34 against the greenback. The unit ended the session at 86.41 , registering a loss of 3 paise from its previous closing level. At the end of Tuesday's trading session, the local unit settled at 86.38, down 7 paise over its previous close. This was rupee's fifth straight session of decline since July 16 when the unit had lost 16 paise and settled at 85.92 against the dollar. Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee weakened on a strong greenback and foreign institutional investors' outflows. However, overnight decline in crude oil prices and positive domestic equities cushioned the downside. "Traders may take cues from PPI and industrial production data from the US. USD-INR spot price is expected to trade in a range of ₹ 85.60 to ₹ 86.30," he added. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 97.16. Analysts attributed gains in dollar index to higher inflation in the US that has reduced hopes for an interest rate cut by the Federal Reserve. Brent crude, the global oil benchmark, declined 0.52 per cent to USD 68.23 per barrel in futures trade. According to experts, investors are awaiting the outcome of India-US trade talks ahead of the August 1 deadline as Indian exporters are staring at higher tariffs in American market. If the discussions fail or get delayed, Indian exporters could face fresh pressure adding to the rupee's challenges. The US team will visit India in August for the next round of negotiations for the proposed bilateral trade agreement between the two countries. India and the US teams concluded the fifth round of talks for the agreement last week in Washington. Meanwhile, in the domestic equity market, Sensex climbed 539.83 points, or 0.66 per cent, to 82,726.64, while Nifty rose 159.00 points, or 0.63 per cent, to 25,219.90. Foreign institutional investors offloaded equities worth ₹ 3,548.92 crore on a net basis on Tuesday, according to exchange data. This article was generated from an automated news agency feed without modifications to text.
