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The rupee on Friday (July 4, 2025) appreciated 21 money against the US dollar in the initial trade as Asian currencies, including the rupee, which was expected to renew the trade deals with the US.
Forex traders said, US President Donald Trump announced a trade agreement with Vietnam, and it injected a dose of optimism that perhaps more such agreements could be in the pipeline before the July 9 deadline.
Optimism spread to a broader Asian Forex spirit, which gave the rupee some new pace.
In interbank foreign currency, the domestic unit opened against Greenback at 85.44. In the initial trade, it saw the highness of 85.34, which recorded an increase of 21 money in its previous bandh.
On Thursday, the rupee crossed the initial deficit and shut down 7 money at 85.55 against the dollar.
“9 July tariffs are on the market edge near Deadline Drawing and in the backdrop of President Trump’s” One Big Beautiful Bill “. The rupee is expected to find concrete support near 85.20 and trade in a wider range, the possibility of resistance is around 86.20-86.40,” CR Forex Consultant MD – said Amit Pakbari.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, fell 0.20% to 96.98.
Global oil benchmark, Brent crude, futures trading increased to 0.38% per barrel $ 68.54.
Pabri said, “Brent crude has started a higher inch once again, currently about $ 68.20 per barrel. For India, a pure oil importer, rising raw price prices produce a close threat to business and current account balance,” said Pabari.
Meanwhile, in the domestic equity market, Sensex declined by 25.10 points or 0.03%, while the Nifty fell 7.70 points or 0.03% to 25,396.50.
According to exchange data, foreign institutional investors (FII) launched on Thursday (July 3, 2025) and launched on a pure basis and at a price of 1,481.19 crore.
A monthly survey said a monthly survey that on the domestic macroeconomic front, the development of the Indian service sector touched a ten -month high in June due to strong expansion in international sales and employment generation.
The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 58.8 in May to 60.4 in June, which is run by sharp upturn in new trade orders.
Published – July 04, 2025 10:27 AM IST
