The dollar index, which detects the strength of greenback against a basket of six currencies, was trading less than 0.19% at 100.23. File | Photo Credit: Reuters
The rupee shut down 21 money on Tuesday (May 20, 2025), on a US $ 85.63 (provisional) against the US dollar on a bounce in weak domestic markets and US Treasury yields.
Forex traders stated that the recent bounce in the US 10 -year yield reflects increasing concerns over fiscal and monetary policies, which leads to higher borrowing costs.
The outflow of foreign funds and positive crude oil prices also weighed rupees. However, the weak US Dollar Index stressed the negative side, he said.
In the interbank foreign currency, the domestic unit opened at 85.47 and went between the Intra-Day high of 85.39 and the lower level of 85.65 against Greenback. The unit finished the session at 85.63 (provisional), declining 21 money at its previous closing level.
On Monday (May 19, 2025), the rupee appreciated 15 money to settle at 85.42 against the US dollar.
Research analyst at Mirae Asset Choudhary Anuj Choudhary-Mirae Asset Chodkhan said, “We hope that Rupee FII will trade with a negative bias between the outflow and weak domestic markets.
The dollar index, which detects the strength of greenback against a basket of six currencies, was trading less than 0.19% at 100.23.
Global Oil Benchmark Brent crude fell 0.14% to $ 65.45 per barrel in futures trade.
In the domestic equity market, the 30-cheer BSE Sensx declined by 872.98 points or 1.06%, closed at 81,186.44, while the Nifty fell to 261.55 points, or 1.05%, 24,683.90.
According to exchange data, foreign institutional investors (FII) on Monday (May 19, 2025) launched the price of .9 525.95 crore on a pure basis.
Published – May 20, 2025 05:06 pm IST
