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The rupee rose to 85.58 by 8.58 against the US dollar in the initial trade on Tuesday (June 10, 2025) amid positive opening in domestic equity markets and positive opening in strong foreign capital flows.
However, the US dollar, which has increased the US dollar against the rise in global crude crude oil prices and strengthens the US dollar against foreign currencies, reduced the sharp profit in the foreign unit.
In the Interbank Foreign Exchange, the rupee opened at 85.62 against Greenback at 85.62, which increased to 85.58 before proceeding, which was more than 8 money compared to its previous shutdown. The local unit on Monday appreciated 2 money at 85.66 against the US dollar.
“The rupee is expected to remain in the range of 85.45-85.95 today (Tuesday). As the markets are waiting for the result of the US-China trade negotiations, the rupee has gone into a shell within the wider range of 85-86, which sets up the movement on both the daily flows and outflows,” Treasury and Executive Director, Head of Finnary, Head of Finnals,
According to exchange data, foreign institutional investors (FII) on Monday bought equity worth 1,992.87 crore on a pure basis.
Bhansali said, “For the day, importers can buy near 85.45, while exporters can sell above 85.80 (Intra-Day).”
In the domestic equity market, the 30-cheer BSE Sensx rose 99.12 points or 0.12%to 82,544.33 on Tuesday morning, while Nifty reached 32.15 points, or 0.13%, 25,135.35.
Bhansali said, “The US dollar was stable with the issuance of business talks. Economic authorities from both countries (US, China) demanded a bitter trade dispute, while investors were ready to make major bets.”
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, was trading more than 0.2 percent at 99.13.
Global oil benchmarks, brent crude, increased in futures trade increased by 0.33 percent in USD 67.26 per barrel.
Published – June 10, 2025 10:21 am IST
