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The rupee exceeded its initial profit and on Thursday (July 24, 2025) on the day of 86.40 (provisional) against the US dollar, settled on a day 1 to high, due to risk in global markets and night recovery in crude oil prices dent the sentiments of investors.
Forex traders said that uncertainty on the Indo-US trade deal has been an overhang for the foreign exchange market, which leaves the rupee trading in a tight range. In addition, a negative tendency in the outflow of domestic equity and foreign funds was banned by weighed on the sentiments of investors and upmov of the local unit.
In the interbank foreign currency, the domestic unit opened at 86.33 against Greenback and touched the intra-day high of 86.24 and the bottom of 86.42.
At the end of Thursday’s trading session, the local unit settled at 86.40 (provisional), more by 1 Paisa at its previous closing price.
On Wednesday, the rupee settled at 86.41 against the dollar with a loss of 3 money.
“We hope that Thailand and Cambodia and positive crude oil prices will trade the rupee with a slight negative bias between geopolitical stresses. FII can also weigh the outfits of FIIs,” said Anuj Chaudhary, the research analyst of Mere Asset.
“The US-EU trade deal and optimism on weak US dollars can support the lower rupee. Merchants can take hints from the US sale data from the US and be alert to the orders of PMI and sustainable goods from the US this week.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, rose 0.16% to 97.36, as investors saw for an India-US trade deal before the 1st August deadline.
If the discussion fails or delays, Indian exporters may face new pressure – adding the challenges of the rupee.
However, if a deal takes place, it can offer a very important breath. Till then, uncertainty market participants are likely to be cautious.
Global Oil Benchmark Brent crude, futures trade increased by 1.18% to $ 69.32 per barrel.
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 fell 542.47 points or 0.66%, settling at 82,184.17, while the Nifty fell by 157.80 points or 0.63%, closed at 25,062.10.
According to exchange data, foreign institutional investors (FII) on Wednesday launched the price of IN4,209.11 crore on a pure basis.
Published – July 24, 2025 05:05 pm IST
