Forex traders said that the domestic unit trades in a tight limit and hovering around low levels of its time. File | Photo Credit: Hindu
The rupee was recovered from all -time climb and settled on Friday (September 12, 2025) for more than seven money against the US dollar index and the US dollar over the US dollar over seven money.
Forex traders stated that the domestic unit traded in a tight border and the outflow of the foreign funds kept the feelings of investors as a tight -based pressure on India’s exports.
India killed us with tariffs, now offers ‘no tariff’: Trump
In the Interbank Foreign Exchange, the domestic unit opened at 88.39 and fell at an interval of 88.42 against the US dollar during the session. The domestic unit settled at 88.28 (provisional) for the day, seven money recovered in its previous bandh.
On Thursday (September 11, 2025), the rupee dropped 24 money and closed for all time of 88.35 against the US dollar. It also touched the lowest intraday level of 88.49 against Greenback.
“We hope that the rupee will trade with a slight positive bias over overall weakness in the US dollar and will increase the risk of risk in global markets on the growing obstacles of fed cuts next week,” Anuj Chaudhary, Research Analysts, Mudra and Commodities, Mirai Asset Sharekhan said.
“Markets now expect a 75 bPS rate cut in 2025. However, FII outflow and uncertainty on trade tariff issues between India and the US may intensify,” Mr. Chaudhary said, traders have expected the Michigan University consumer spirit data from the US to trade within the range of 88 to 88.50 from the US. ,
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, increased 0.22% to 97.74. Global oil benchmark, Brent crude, futures were trading 0.65% more at $ 66.80 per barrel in trade.
On the domestic equity market front, Sensx settled at 81,904.70 to increase 355.97 points, while the Nifty rose 108.50 points to 25,114. According to exchange data, foreign institutional investors launched a price of ₹ 3,472.37 crore on Thursday (September 11, 2025).
Meanwhile, on Thursday (September 11, 2025), Minister of Commerce and Industry Pizuh Goyal said that negotiations on the proposed trade agreement between India and the US, which started in March, are progressing in a positive atmosphere and both countries are satisfied with progress.
The comment follows the announcement by US President Donald Trump that there will be “no difficulty” to come to a successful conclusion in business talks for the two countries and he is eager to speak with his “very good friends” Prime Minister Narendra Modi in the coming weeks.
Published – September 12, 2025 04:27 pm IST
