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Global crude oil prices fall and a weak greenback on Tuesday (July 8, 2025) on the US dollar rose to 85.68 (provisional) against the US dollar to shut down 85.68 (provisional).
Foreign fund inflows and firm domestic equity markets, according to foreign exchange traders, further promoted the rupee.
In the interbank foreign currency, the rupee opened at 85.75 against the US dollar and traded in a narrow range of 85.64–85.80 before settling at 85.68 (provisional), which was 26 money from the previous close.
The local unit logged in to settled 54 money to settle at 85.94 against the US dollar on Monday (July 7, 2025).
“The rupee was bound with an US-India (Pact) opportunities with the possibility of conclusion today (Tuesday), keeping the rupee upwards. The closing was slightly higher, but a decisive mini-trade deal could once again allow the rupee to move towards 85.30/40 levels,” Anil Kumar Bhansali, Treasury and Executive Director, said the Treasury and Executive Director.
He said that the local unit is expected to be within the range of 85.30-86.00 on Wednesday (July 9, 2025).
Global oil benchmark brant crude was below 0.55% per barrel per barrel in futures trade.
The dollar index, which detects the strength of greenback against a basket of six currencies, ranged below 0.18% to 97.30.
Meanwhile, in the domestic equity market, Sensx settled at 83,712.51 to increase the point of 270.01, while Nifty scored 61.20 points and closed at 25,522.50.
According to exchange data, foreign institutional investors (FII) bought a price of in 321.16 crore on Monday (July 7, 2025).
Published – July 08, 2025 04:41 pm IST
