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The rupee on Friday (July 18, 2025) appreciated 6 money against the US dollar in the initial trade behind a weak greenback and a marginal fall in global crude oil prices.
Although the outflow of stable foreign funds reduced the fast profit for the local unit, the foreign exchange traders said.
In the Interbank Foreign Exchange, the rupee opened at 85.99 before falling at 86.06 against the US dollar, which was 6 money from its previous shutdown. The rupee declined by 20 money to settle at 86.12 against the US dollar on Thursday.
“The US dollar procurement on Thursday was mainly subscribed 63 times due to the outflow of an IPO, which was allocated on Thursday (July 17, 2025). Today it will be the Reserve Bank to whether it wants to allow it to further weaken the border already defined.
“We are waiting for further developments on the trade deal, which is still to be finalized and signed between India and America,” said LLP, head and executive director of Treasury, said, Finerex Treasury Advisors said.
The conversation between India and the United States is running to exclude pending issues for a business deal, the Ministry of External Affairs (Mea) said on Thursday (July 17, 2025). US President Donald Trump said that Washington is “very close” to the trade treaty with India.
Global oil benchmark brant crude was below 0.14% per barrel in futures trade.
The dollar index, which detects the strength of greenback against a basket of six currencies, ranged below 0.29% to 98.45.
On the domestic equity market front, Sensx recorded a decline of 185.67 points in early trade, while the Nifty was below 45.4 points below 25,066.05.
According to exchange data, foreign institutional investors (FIIS) sold the price of 3,694.31 crores on a pure basis on Thursday (July 17, 2025).
Published – July 18, 2025 09:53 am IST