Image for representation only. Photo Credit: Reuters
The rupee left its advantage and settled for the day for 2 money for 2 money at 86.07 (provisional) against the US dollar on Wednesday on the US dollar on global crude oil prices and recovery in the US dollar index.
A strong show in domestic equity markets prevented standing losses in the local unit, said by foreign currency traders.
In the Interbank Foreign Exchange, the rupee opened at 86.00 against the US dollar and traded at 86.07 (provisional) at 85.79–86.14 before settling, which was below 2 money from its previous nearly.
The rupee opened in positive on the increase in domestic markets and improved global risk emotions. The ceasefire between Israel and Iran has increased the appetite of risk.
The local unit on Tuesday logged into its largest single-day profit in about five years, which was 73 money higher at 86.05 against the Greenback.
Treasury and Executive Director, Finerex Treasury Advisors LLP chief Anil Kumar Bhansali, Anil Kumar Bhansali said, “Oil companies made the rupee a high position of 85.79 and reduced it by 86.13 and the market still suspects Iran-Israel Charges.”
He said, “We are waiting for the current account data from RBI how it was performed during 2024-25, while IIP data is being announced today (Wednesday),” he said that on Thursday, the range of Rs 85.75-86.50 is expected to be Rs.
Global oil benchmark, Brent crude, US President Donald Trump rose by 1.09 percent to USD 67.87 per barrel after US President Donald Trump claimed to claim a ceasefire between Iran and Israel.
The dollar index, which detects the strength of greenback against a basket of six currencies, was trading up to 0.24 percent at 98.09.
Meanwhile, in the domestic equity market, Sensx jumped 700.40 points to settle at 82,755.51, while the Nifty rose 200.40 points to 25,244.75.
According to exchange data, foreign institutional investors (FII) on Tuesday launched a price of Rs 5,266.01 crore on a pure basis.
Published – June 25, 2025 05:11 pm IST
