Rupee rises 3 paise to close at 87.72 against U.S. dollar

admin — Tue, 12 Aug 2025 10:51:00 +0000

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| Photo Credit: Reuters

The rupee consolidated in a narrow range to settle just 3 paise higher at 87.72 (provisional) against the U.S. dollar on Tuesday (August 12, 2025) amid a negative trend in domestic equities.

Forex traders said the rupee is trading in a tight range as a late decline in domestic markets and foreign fund outflows capped sharp gains for the domestic unit.

Moreover, there is an overall negative bias amid uncertainties over the trade tariff issue between India and the U.S.

At the interbank foreign exchange, the domestic unit opened at 87.70 and moved in a range of 87.59-87.72 during the day before settling at 87.72 (provisional), just 3 paise higher than its previous close.

On Monday (August 11, 2025), the domestic unit closed at 87.75 against the U.S. dollar.

Investors are in a wait-and-watch mode ahead of the U.S. CPI inflation data and are also awaiting cues from the U.S.-Russia talks on August 15, traders said.

“We expect the rupee to trade with a negative bias on account of the ongoing trade tariff war between India and the U.S. Sustained FII outflows may also pressurise the rupee.”

“However, weakness in the U.S. Dollar and declining crude oil prices may support the rupee at lower levels. Investors now focus on the U.S. and Indian inflation data this week. USD/INR spot price is expected to trade in a range of 87.40 to 87,” said Anuj Chaudhary, Research Analyst Commodities and Currencies, Mirae Asset Sharekhan.

Meanwhile, Brent crude prices rose 0.41% to $66.70 per barrel in futures trade.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.04% to 98.55.

On the domestic equity market front, Sensex dropped 368.49 points to settle at 80,235.59, while Nifty declined 97.65 points to close at 24,487.40.

Foreign Institutional Investors offloaded equities worth ₹1,202.65 crore on Monday (August 11, 2025), according to exchange data.

Published – August 12, 2025 04:21 pm IST

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Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar

admin — Thu, 12 Dec 2024 12:26:34 +0000

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| Photo Credit: Reuters

The rupee depreciated by 4 paise to settle at an all-time low of 84.87 (provisional) against the U.S. dollar on Thursday (December 12, 2024), dragged down by negative domestic equity markets, outflow of foreign funds and rise in crude oil prices.

Forex traders said investors were awaiting cues from domestic inflation data to be released later in the day even as an elevated dollar index weighed on the Indian currency.

At the interbank foreign exchange, the rupee opened at 84.85 and touched the lowest-ever level of 84.88 against the greenback during intra-day trade. The unit finally ended the session 4 paise down at a fresh all-time low closing level of 84.87 (provisional) against the dollar.

On Wednesday (December 11, 2024), the rupee settled with a gain of 2 paise at 84.83 against the U.S. dollar.

Rupee’s previous record low closing level was recorded on December 9, when it settled 20 paise lower at 84.86 against the dollar.

Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee touched a fresh all-time low on strong U.S. dollar and weak domestic markets.

He further said the U.S. dollar gained on rising inflation in the US. However, it was in line with estimates.

“Surge in global crude oil prices may further pressurise the rupee. However, any intervention by the RBI may support the rupee at lower levels. Traders may take cues from PPI (producer price index) and weekly unemployment claims data from the U.S. USD-INR spot price is expected to trade in a range of 84.65 to 85.10,” he said.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading marginally lower by 0.16% at 106.22.

Brent crude, the global oil benchmark, rose 0.35% to $73.78 per barrel in futures trade.

On the domestic equity market front, the 30-share benchmark index Sensex closed lower by 236.18 points or 0.29% at 81,289.96 points. The Nifty was down 93.10 points, or 0.38%, to 24,548.70 points.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday (December 11, 2024), as they offloaded shares worth ₹1,012.24 crore, according to exchange data.

Published – December 12, 2024 05:56 pm IST

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Rupee rises 3 paise to close at 87.72 against U.S. dollar

Rupee hits fresh all-time low, settles 4 paise lower at 83.87 against dollar