The rupee rose 24 paise to close at 85.48 (provisional) against the buck on Friday (June 27, 2025) on the again of sturdy FII inflows and agency home fairness markets.
Lower degree of American foreign money index additionally favoured the Indian foreign money although an uptrend in crude oil costs capped its acquire, foreign exchange merchants mentioned.
Foreign institutional buyers (FIIs) bought equities value ₹12,594.38 crore on a web foundation on Thursday (June 26, 2025), in accordance to change information.
At the interbank international change, the rupee opened at 85.50 against the dollar and traded within the vary of 85.43-85.65 earlier than settling at 85.48 (provisional), up 24 paise from its earlier close.
The native unit rose 36 paise to close at 85.72 against the U.S. dollar on Thursday (June 26, 2025).
“FII inflows and falling dollar index allowed the rupee to move higher. The RBI is also buying the dips to liquidate its month-end positions,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, mentioned.
“The Trump tariff’s date of July 9 is fast approaching and… market remains gripped with uncertainty. Therefore, there is a chance of rupee hitting 86 next week,” he mentioned.
The dollar index, which gauges the buck’s power against a basket of six currencies, inched up 0.10% to 97.24 after declining earlier within the day.
Brent crude, the worldwide oil benchmark, went up 0.72% to $68.22 per barrel in futures commerce after declining within the earlier session.
Meanwhile, within the home fairness market, Sensex climbed 303.03 factors to settle at 84,058.90, whereas Nifty rose 88.80 factors to 25,637.80.
