Forex traders stated that the money was opened on a positive note with increased risk of risk in global markets amidst trade tariffs between Russia and Ukraine and reducing stress on a trusa. Representative file image. , Photo Credit: AP
The rupee received the initial benefit and settled on Thursday (August 21, 2025) on the US $ 87.25 (provisional) on the recovery of a strong American currency and crude oil prices for the day for 18 money.
Forex traders stated that the money was opened on a positive note with increased risk of risk in global markets amidst trade tariffs between Russia and Ukraine and reducing stress on a trusa.
However, the power of American currency in the foreign market and rising crude oil prices affected the investor sentiments and banned the upmov in the local unit.
In the Interbank Forex Market, the rupee opened on a positive note at 87.04, then the initial high of 86.93 and the intraade low of 87.27 against the US dollar.
The domestic unit settled at 87.25 (provisional) for the day, declining 18 money from its previous nearly.
On Wednesday (August 20, 2025), the rupee settled on a high note at 87.07 against the US dollar.
The Indian rupee lost the initial profit on positive crude oil prices and the positive US dollar index. However, the increase in domestic markets supported the rupee at the lower levels, Anuj Chaudhary, the research analyst, the objects and currencies, the Mirray Asset Sharekhan.
“We hope to do business with a positive bias on better global risk emotions and trade with disappearance concerns on business tariffs. GST reforms can also support optimism. However, the demand for dollars from importers focus on sharp-upside. 86.90 to 87.50,” said Sri Chaudhary said.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, from 0.02% to 98.23.
Global oil benchmarks, Brent crude, were trading 0.90% more in futures trade at $ 67.44 per barrel, as investors were focusing on Ukraine peace push and restrictions on Russia.
Traders are focusing on whether US Fed chief Jerome Powell will push back against market expectations to cut rates at 16-17 September meeting on Friday (August 15, 2025) while speaking at the Jackson Hole seminar.
On the domestic equity market front, the stock markets advanced for the sixth consecutive day, with a profit of 142.87 points for the day with the sense at 82,000.71, while the Nifty was 33.20 points at 25,083.75.
According to exchange data, foreign institutional investors on Wednesday (August 20, 2025) removed the price of ₹ 1,100.09 crore.
Published – August 21, 2025 05:26 pm IST
