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The rupee rose to 85.93 by 11.93 against the US dollar in initial trade on Tuesday (June 17, 2025), which shows weak inauguration in domestic markets, increase in global crude oil prices and abusing pressure in a strong dollar.
In the Interbank Foreign Exchange, the rupee opened against Greenback at 85.96, which moved forward to 85.93, which was 11 money from its previous bandh. The rupee was closed at 86.04 on Monday (June 16, 2025).
“If the rupee closes above 86.20 today (Tuesday) or any day, the importers would have killed a stop loss as the profit for the dollar can go up to 86.70. However, one can be satisfied at 86.20 for the presence of the Reserve Bank of India, where it is selling dollar to keep the rupee stable, Anil Kumar
He said, “Oil prices are the main factor for rupees as FPI and oil companies snap the dollar to fund their respective outflow. Today’s limit is 85.75 to 86.30 and all depend on how the war increases and what the RBI does in the market,” he said.
Brent crude prices- global oil benchmark- After increasing rapidly in the last few days, futures increased by 0.34% to 73.48 per barrel, which grows due to the Israeli-Iran-Iran struggle.
Bhansali said, “Brent Oil prices rose to $ 74.04 per barrel after the US President issued a warning against Tehran on Israeli-Iran’s struggle, worrying about the disruption of supply in large-scale playing,” Bhansali said.
In the domestic equity market, the 30-chair BSE Sensx declined by 127.02 points in the initial trade, which increased to 81,669.13 in the initial trade, while the Nifty increased to 24,891.50 below 55 points.
Meanwhile, the dollar index, which detects the strength of greenback against the basket of six currencies, ranged from 0.17% to 98.16.
According to the monthly data released by the Ministry of Statistics and Program on Monday, the unemployment rate in the country was due to 5.1% in May in May in May to 5.1% in April this year due to seasonal variation.
After registering a positive increase for two months, India’s exports again slipped into the negative sector, due to the fall in global petroleum prices, the contract of 2.17% in May in May increased to $ 38.73 billion, while according to the latest government figures released on Monday, the trade deficit fell to $ 21.88 billion during the month.
In May, imports declined by 1.7% year-over year to $ 60.61 billion.
According to exchange data, foreign institutional investors (FII) on Monday launched the price of 2,539.42 crores on a pure basis.
Published – 17 June, 2025 10:14 AM IST
