Rupee falls 2 paise to 86.40 against U.S. dollar in early trade

The rupee on Wednesday (July 23, 2025) made 2 money to 86.40 against the US dollar in the initial trade against the US dollar, amid the outflow of foreign funds and high crude oil prices.

According to foreign currency traders, the positive spirit in domestic equity markets reduced the sharp decline in the rupee, even the US currency strengthened the US currency even after announcing the trade deal with Japan.

In the interbank foreign currency, the domestic unit was weak open at 86.46 and slightly cured to trade at 86.40 against Greenback in early deals, lower 2 money from its previous closing level.

At the end of Tuesday’s trading session, the local unit settled at 86.38, below its previous near 7 money. This was the fifth direct session of the rupee fall since 16 July when Unit 16 had lost 16 money and ended at 85.92 against the dollar.

Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, increased by 0.04 percent to 97.15 after announcing the trade deal with Japan.

Global oil benchmark Brent crude, futures trades rose 0.29% per barrel to $ 68.79 from 0.29% per barrel.

Analysts said that investors are keeping a close watch on the outcome of the Indo-US trade talks before the August 1 deadline as Indian exporters are staring at high tariffs in the US market.

If the discussion fails or delays, Indian exporters may face new pressure – adding the challenges of the rupee.

The US team will visit India for the next round of talks for the proposed bilateral trade agreement between the two countries in August.

India and US teams concluded the fifth round of talks for the agreement last week in Washington.

Meanwhile, in the domestic equity market, Sensex advanced from 209.09 points or 0.25% to 82,395.90, while the Nifty rose 60.45 points or 0.24% to 25,121.35.

According to exchange data, foreign institutional investors (FII) on Tuesday launched a price of 3,548.92 crores on a pure basis.