Rupee falls 8 paise to settle at 85.56 against U.S. dollar

Forex traders said that a stable influx of foreign funds supported the domestic unit, even the investors were alert, waiting for the domestic GDP data to be released later on the day. Representative file image. , Photo Credit: Reuters

The rupee increased its initial profit on Friday (May 30, 2025) to reduce 85.56 (provisional) against the US $ 85.56 (provisional), as the local currency was pressurized to recover the domestic equity volatility and the global raw prices.

However, a stable influx of foreign funds supported the domestic unit, even the investors were cautious, waiting for the domestic GDP data to be released later on the day, Forex traders said.

Interbank went to foreign currency, the domestic unit opened at 85.35 and intraday between 85.25 and against Greenback went between 85.64 lows. The unit settled the day at 85.56 (provisional), recorded a loss of 8 money from its previous close.

The rupee reduced by 10 money at 85.48 against the dollar on Thursday (May 29, 2025).

Anuj Chaudhary, a research analyst from Mirre Asset Sharekhan, said the rupee fell on the recovery of weak domestic markets and crude oil prices. The demand for the end of the month from importers also put pressure on the rupee. However, the weak US dollar index and FII cured the negative side.

He said, “Traders can take indications from the core PCE Price Index and personal income data from the US.

Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, was trading more than 0.28 percent at 99.49.

Analysts said the dollar shown signs of recovery after the US federal court President Donald Trump pronounced the verdict against a wider mutual tariff as a federal appeal court proved short -term as a temporary migration on the verdict.

Global Oil Benchmark Brent crude, futures trading increased 0.41 percent to $ 64.41 per barrel.

In the domestic equity market, the 30-cheer BSE Sensex fell 182.01 points or 0.22 percent to close at 81,451.01, while the Nifty fell by 82.90 points or 0.33 percent, at 24,750.70.

According to exchange data, foreign institutional investors (FII) bought an equity of 884.03 crore on a net basis on Thursday (May 29, 2025). The Reserve Bank, in its latest annual report on Thursday (May 29, 2025), said that the country is also ready to remain the fastest growing major economy in the world in FY 26.