The rupee depreciated 21 paise to close at 85.63 (provisional) against the U.S. dollar on Tuesday (May 20, 2025), on weak home markets and a bounce again in U.S. treasury yields.
Forex merchants mentioned the current surge within the U.S. 10-year yield displays mounting considerations over fiscal and financial insurance policies, driving borrowing prices larger.
Foreign fund outflows and constructive crude oil costs additionally weighed on the rupee. However, the weak U.S. dollar index cushioned the draw back, they mentioned.
At the interbank international change, the home unit opened at 85.47 and moved between an intra-day excessive of 85.39 and a low of 85.65 against the dollar. The unit ended the session decrease at 85.63 (provisional), registering a fall of 21 paise over its earlier closing degree.
On Monday (May 19, 2025), the rupee appreciated 15 paise to settle at 85.42 against the U.S. dollar.
“We expect the rupee to trade with a negative bias amid FII outflows and weak domestic markets. However, a declining U.S. dollar index may support the rupee at lower levels,” Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan mentioned, including that USD-INR spot worth is predicted to commerce in a spread of 85.30 to 85.90.
The dollar index, which gauges the dollar’s power against a basket of six currencies, was buying and selling decrease by 0.19% at 100.23.
Brent crude, the worldwide oil benchmark, fell 0.14% to $65.45 per barrel in futures commerce.
In the home fairness market, the 30-share BSE Sensex declined 872.98 factors, or 1.06%, to close at 81,186.44, whereas the Nifty fell 261.55 factors, or 1.05%, to 24,683.90.
Foreign institutional traders (FIIs) offloaded equities price ₹525.95 crore on a web foundation on Monday (May 19, 2025), in accordance to change knowledge.
Published – May 20, 2025 05:06 pm IST
