Rupee gives up gains, settles 4 paise lower at 86.16 against U.S. dollar

The rupee gave initial benefits to dispose of 4 money low at 86.16 (provisional) against the US dollar on Friday (July 18, 2025), dragged by the outflow of foreign funds, the increase in global crude oil prices and a decline in domestic equity markets.

Although a weak greenback against major currencies stopped rapid depreciation in the local unit, the foreign exchange traders said.

In the Interbank Foreign Exchange, the rupee opened more at 85.99 against the US dollar and went to the range of 85.97–86.23 before closing at 86.16 (provisional), which was below 4 money from its previous nearly.

On Thursday (July 17, 2025), the rupee declined by 20 money to settle at 86.12 against the US dollar.

Foreign investors replaced sellers, while “dollars bought a heavy bought to reduce the rupee, before we stepped into the Reserve Bank of India to control the speed of the decline”, the key and executive director of the Treasury, Finerex Treasury Advisors LLP said.

He said, “We hope that the rupee will remain in weak mode until the deal is finalized with the US and if it is not done, we can see the rupee journey at 87 levels. For Monday, we hope that the rupee will trade within the range of 85.90-86.40.”

The conversation between India and the United States is going on to exclude pending issues for a business deal, said on Thursday (July 17, 2025). US President Donald Trump said that Washington is “very close” to the trade treaty with India.

Brent crude, global oil benchmark, futures increased 1.17% to $ 1.17% per barrel $ 70.33.

The dollar index, which detects the strength of greenback against a basket of six currencies, ranged below 0.36% to 98.38.

In domestic equity markets, Sensex fell by 501.51 points, settling at 81,757.73, while the Nifty fell 143.05 points, closing at 24,968.40.

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).