Forex traders said that investors were cautious before the implementation of the time limit of tariff of August 27 and the 17 September meeting of the Federal Reserve before the implementation of the upcoming US economic data. File | Photo Credit: AP
Rupee on Monday (August 25, 2025) received an initial advantage to reduce 6 money lower at 87.58 (provisional) against the US dollar, monitoring a collection in a strong American currency and crude oil prices.
Forex traders said that investors were cautious before the implementation of the time limit of tariff of August 27 and the 17 September meeting of the Federal Reserve before the implementation of the upcoming US economic data.
In the Interbank Forex Market, the rupee opened on a positive note at 87.38, then the initial high of 87.34 and the Intrade low of 87.61 against the US dollar.
The domestic unit settled at 87.58 (provisional) for the day, declining 6 money from its previous nearly.
On Friday (August 22, 2025), the rupee closed at 87.52 against Greenback at 27.52.
Treasury’s lead and executive director Finerex Treasury Advisors LLP Anil Kumar Bhansali said, “The rupee is suffering from American tariffs on India, thus affecting Bhavna despite other currencies against the dollar.”
In addition, oil importers remain dollar buyers, which put pressure on the rupee.
“The rupee was also well bid, when Fitch continued with BBB’s rating and did not increase it, credits’ weakness, high fiscal deficit, debt service and reasons citing high American tariffs. Indian 10 years yield is also increasing continuously,” said Mr. Bhansali.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, increased to 97.95 by 0.24%.
The recent Dowish commentary by Jerome Powell, president of the US Federal Reserve, supported the hopes of cutting a possible rate early next month, supported the greenback.
Global Oil Benchmark Brent crude was trading at $ 68.01 per barrel in futures trade, 0.41% more.
Meanwhile, Republican leader Nikki Haley has said that India should take seriously the concerns of President Donald Trump on their purchase of Russian crude oil and work with the White House to find a solution to the issue.
The Trump administration is seriously important for India for the purchase of concessional crude oil from Russia. Interestingly, Washington is not criticizing China, which is the biggest importer of Russian crude oil.
Defending its purchase of Russian crude oil, India is ensuring that its energy purchase is inspired by national interest and market dynamics.
On the domestic equity market front, the sensex climbed at 329.06 points to settled at 81,635.91, while Nifty increased by 97.65 points, closed at 24,967.75.
According to exchange data, foreign institutional investors launched a price of ₹ 1,622.52 crore on Friday (August 22, 2025).
Meanwhile, according to RBI data released on Friday (August 22, 2025), India’s foreign exchange reserves increased by $ 1.488 billion during the week ended August 15.
In the last reporting week, the overall reserves rose $ 4.747 billion to $ 693.618 billion.
Published – August 25, 2025 04:24 pm IST
