The rupee traded in a decent vary and slipped 6 paise to 87.69 against the U.S. dollar in morning trade on Wednesday (August 13, 2025) as depreciation pressures are nonetheless lingering amid persistent overseas fund outflows.
Forex merchants stated the rupee is buying and selling in a slender vary because the Reserve Bank of India has stepped up its efforts to curb extreme rupee depreciation.
At the interbank overseas alternate market rupee opened at 87.63, then touched an intra-day low of 87.69 against the U.S. dollar in preliminary trade, decrease by 6 paise from its earlier shut.
On Tuesday (August 12, 2025), the rupee appreciated 12 paise to shut at 87.63 against the U.S. dollar.
In preliminary trade, the rupee touched an early excessive of 87.61 against the buck.
Following the U.S. CPI launch, the likelihood of a Fed price lower on September 17 rose sharply to 90% from 82%, CR Forex Advisors MD Amit Pabari stated.
The dollar index, which gauges the buck’s power against a basket of six currencies, declined 0.08% to 98.01, as markets continued to worth in a September U.S. price lower.
Brent crude, the worldwide oil benchmark, was up 0.09% at $66.18 per barrel in futures trade.
On the home entrance, India’s July retail inflation cooled sharply to 1.55%, marking the bottom degree since June 2017.
“Price pressures undershooting the Reserve Bank of India’s inflation target are paving the way for more interest rate cuts this year, adding downward pressure on the rupee,” Mr. Pabari stated.
“Amidst pressures, the Reserve Bank of India has reportedly stepped up its efforts to curb excessive rupee depreciation, selling at least $5 billion in both onshore and offshore markets this month.
“While these interventions have supplied short-term reduction, persistent headwinds, together with escalated trade tensions from increased U.S. tariffs, proceed to go away the rupee susceptible and depreciation dangers alive,” he added.
On the domestic equity market front, the Sensex climbed 327.79 points to 80,563.38 in early trade, while the Nifty was up 112.15 points to 24,599.55.
Foreign Institutional Investors offloaded equities worth ₹3,398.80 crore on Tuesday, according to exchange data.
