The dollar index, which detects the strength of greenback against a basket of six currencies, fell 0.16% to 98.07. Representative file image. , Photo Credit: AP
On Thursday (August 28, 2025), the rupee increased by 6 money to 87.63 (provisional) against the US dollar, due to a weak greenback and fall in crude oil prices.
However, concerns over additional American tariffs on Indian products, which were kicked on Wednesday (August 27, 2025), and according to foreign currency traders, the decline in domestic equity markets gained profit in the local unit.
The US government has imposed a total of 50% tariffs on Indian exports to the US, stopping some areas.
In the interbank foreign currency, the rupee opened against Greenback at 87.56 and traded at the range of 87.53–87.68 during the day. The local unit settled at 87.63 (provisional), registering a profit of 6 money from its previous bandh.
The rupee shut down 13 money at 87.69 against the US dollar on Tuesday (August 26, 2025). Equity and foreign exchange markets remained closed on Wednesday (August 27, 2025) due to Ganesh Chaturthi.
Global Oil Benchmark Brent crude was trading at $ 67.56 per barrel in futures trade, 0.72% less.
Brent oil prices fell in the Asian trading on Thursday (August 27, 2025) after the US data, when US data saw a minimum subjected decline in raw inventions, while investors weighed the influence of additional American tariffs against India, “Treasury and Executive Director, Finerex Treasury Advisors LLP said Anil Kumar Bhansali.
The dollar index, which detects the strength of greenback against a basket of six currencies, fell 0.16% to 98.07.
Mr. Bhansali said, “The dollar index fell as an unprecedented step of US President Donald Trump, in which Fed Fed Governor Lisa Cook renewed concerns over the central bank’s freedom.”
On the domestic equity market front, Sensx set 705.97 points to settle at 80,080.57, while the Nifty was below 211.15 points below 24,500.90.
According to exchange data, foreign institutional investors launched a price of ₹ 6,516.49 crore on Tuesday (August 26, 2025).
Published – August 28, 2025 04:41 pm IST