Rupee benefited the initial response to the RBI rate cut, but the aggressive rate deduction reduces the interest rate difference with global peers. Representative file image. , Photo Credit: Reuters
The rupee appreciated 4 money at 85.64 (provisional) against the US dollar on Monday (June 9, 2025), supported by a firm tendency in domestic equity and foreign capital flow.
Traders said that however, the US dollar banned its growth abroad against global crude crude oil prices and major rivals.
He said that the initial response to the RBI rate cuts benefited, but the aggressive rate cut reduces the interest rate difference with global peers, he said.
In the interbank foreign currency, the domestic unit saw an unstable trade session. It opened at 85.61 and went between high levels of 85.45 and high levels of 85.72 against Greenback.
The local unit exceeded all its initial benefits and settled in a positive field, over 4 money over 85.64 (provisional) against the American currency.
On Friday (June 6, 2025), the rupee 11 was closed at 85.68 after cutting the repo rate by high-to-the-service 50 basis points to cut the repo rate of the Reserve Bank for Rs.
In the domestic equity market, the 30-cheer BSE Sensx increased by 256.22 points or 0.31%for closure at 82,445.21, while Nifty rallies at 100.15 points, or 0.40%, 25,103.20.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, was trading less than 0.35% at 98.84.
Global oil benchmark Brent crude, futures trading increased by 0.24% to $ 66.63 per barrel.
According to exchange data, foreign institutional investors (FII) bought prices worth 1,009.71 crore on a pure basis on Friday (June 6, 2025).
Published – June 09, 2025 04:25 pm IST
