Foreign institutional investors took off the price of 760.11 crore on a net basis on 4 July 2025. File. File. Photo Credit: Reuters
Global crude oil prices and a strong American currency on Monday (July 7, 2025) fell on 85.87 (provisional) against the US $ 85.87 (provisional).
According to Forex traders, the uncertainties of US President Donald Trump filled fuel from uncertainties, the foreign funds put more pressure on the foreign unit.
In the Interbank Foreign Exchange, the rupee opened at 85.53 against the US dollar and traded in the range of 85.51–86.03 before settling at 85.87 (provisional), which was less than 47 money than its previous bandh.
The rupee settled at 85.40 against the US dollar on Friday (July 4, 2025).
Rupees fell on frequent purchases by oil companies and importers as Saudi Arabia raised oil prices for Asian delivery despite the increase in production for the month of August and said hopes for increase in output in September, Anil Kumar Bhansali, head of Treasury, head and executive director, Faneux Treasury Advisors LLP.
He said, “Mr. Trump’s (tariff) deadline was coming for the time limit of 9 July and no indication of the Indo-US trade deal … the rupee has fallen as the market is not expecting to be soon and the US can implement additional duties on India’s exports,” he said.
Meanwhile, Mr. Trump has threatened to impose an additional 10% tariff on countries that align themselves with the “anti -American” policies of the BRICS group. BRICS leaders are meeting in Brazil for the 17th BRICS summit on July 6-7.
The dollar index, which detects the strength of greenback against a basket of six currencies, increased 0.24% to 97.41.
Global oil benchmark brant crude, in futures trade, ranged from 0.26% per barrel to 0.26% per barrel.
Meanwhile, in the domestic equity market, Sensx settled at 83,442.50 to increase 9.61 points, while the Nifty unchanged at around 25,461.30.
The Reserve Bank of India on Friday (July 4, 2025) said that India’s foreign exchange reserves increased from $ 4.84 billion to $ 702.78 billion to $ 702.78 billion for the week ended on 27 June.
According to exchange data, foreign institutional investors (FII) on Friday (July 4, 2025) launched the price of 760.11 crore on a pure basis.
Published – July 07, 2025 04:26 pm IST
