The rupee stayed weak for the sixth consecutive session and settled with a lack of 3 paise at 86.41 (provisional) against the dollar on Wednesday (July 23, 2025), amid a robust American forex and outflow of overseas funds.
Forex merchants stated the home unit, nonetheless, discovered some cushion as a consequence of lower crude oil costs and heavy shopping for in home fairness markets in step with world traits after the U.S. introduced a commerce cope with Japan.
At the interbank overseas alternate, the Indian forex opened weak at 86.46 and touched the intra-day peak of 86.34 against the buck. The unit ended the session at 86.41 (provisional), registering a lack of 3 paise from its earlier closing degree.
At the top of Tuesday’s (July 22) buying and selling session, the native unit settled at 86.38, down 7 paise over its earlier shut. This was rupee’s fifth straight session of decline since July 16 when the unit had misplaced 16 paise and settled at 85.92 against the dollar.
Decline in crude oil costs offsets FIIs’ outflows
Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, stated the rupee weakened on a robust buck and overseas institutional buyers’ outflows. However, in a single day decline in crude oil costs and constructive home equities cushioned the draw back.
“Traders may take cues from PPI and industrial production data from the US. USD-INR spot price is expected to trade in a range of ₹85.60 to ₹86.30,” he added.
The dollar index, which gauges the buck’s energy against a basket of six currencies, rose 0.04 per cent to 97.16.
Analysts attributed positive factors in dollar index to increased inflation within the U.S. that has diminished hopes for an rate of interest reduce by the Federal Reserve.
Brent crude, the worldwide oil benchmark, declined 0.52 per cent to USD 68.23 per barrel in futures commerce.
According to consultants, buyers are awaiting the result of India-U.S. commerce talks forward of the August 1 deadline as Indian exporters are watching increased tariffs in American market.
If the discussions fail or get delayed, Indian exporters might face contemporary stress — including to the rupee’s challenges.
The U.S. group will go to India in August for the following spherical of negotiations for the proposed bilateral commerce settlement between the 2 international locations.
India and the U.S. groups concluded the fifth spherical of talks for the settlement final week in Washington.
Meanwhile, within the home fairness market, Sensex climbed 539.83 factors, or 0.66 per cent, to 82,726.64, whereas Nifty rose 159.00 factors, or 0.63 per cent, to 25,219.90.
Foreign institutional buyers (FIIs) offloaded equities value ₹3,548.92 crore on a web foundation on Tuesday (July 22), in line with alternate knowledge.
