Forex traders said that the rupee was opened in positive on better global risk emotions; However, a negative tendency in domestic equity affected investor emotions and pulled down the local unit. Representative file image. , Photo Credit: Reuters
The rupee received the initial benefit and settled for the day in the negative area, on Monday (June 30, 2025) against the US dollar at 85.73 (provisional), on the 23 money, weak domestic equity and crude oil prices.
Forex traders said that the rupee was opened in positive on better global risk emotions; However, a negative tendency in domestic equity affected investor emotions and pulled down the local unit.
In the interbank foreign currency, the rupee opened at 85.48 against the US dollar and looked at 85.44 and 85.77 low -level Intrade high before settling at 85.73 (provisional), which was 23 money from its previous nearly.
On Friday (June 27, 2025), the rupee closed at 85.50 against Greenback at 225 money.
Anuj Chaudhary, the research analyst at Mirae Asset Sharekhan, said, “Indian rupee declined on the rise in weak domestic equity and crude oil prices on Monday. The demand for dollar at the end of the month also put pressure on the domestic currency.”
However, a weak tone in the US dollar stopped a sharp decline in the rupee. The US dollar fell on a better-adaptable inflation figures from the US, Mr. Chaudhary said.
Mr. Chaudhary said, “We hope that the rupee will have a weakness in the US dollar in global risk sentiments. However, any recovery in crude oil prices can be a sharp benefit,” Mr. Chaudhary said, “The USD-InR spot price is expected to trade within the range of 85.30 to 85.85”.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, fell 0.26% to 97.14.
Global Oil Benchmark Brent crude, in futures trade, went below 0.28% per barrel $ 67.58. In the domestic equity market, the 30-cheer BSE Sensex fell 452.44 points or 0.54%to close at 83,606.46, while the Nifty fell by 120.75 points or 0.47%, at 25,517.05.
According to exchange data, foreign institutional investors (FII) bought prices worth on 1,397.02 crore on a pure basis on Friday (June 27, 2025). Meanwhile, India’s foreign exchange reserves declined by $ 1.01 billion to $ 697.93 billion during the week ended 20 June, the Reserve Bank of India said on Friday (June 27, 2025).
In the last week, the reserves rose $ 2.29 billion to $ 698.95 billion. Foreign exchange reserves touched an all -time high of $ 704.885 billion in September 2024.
Published – June 30, 2025 04:32 pm IST
