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Forex merchants mentioned the rupee is holding agency at present ranges, monitoring the latest rally in home equities after sweeping tax reforms introduced by PM Narendra Modi.
Moreover, suspected RBI intervention and cautious optimism across the Ukraine-Russia battle supported traders’ sentiments.
At the interbank international trade market, the rupee opened at 87.24 towards the U.S. greenback, then touched 87.20, registering a acquire of 19 paise over its earlier shut.
On Monday (August 18, 2025), the rupee appreciated 20 paise to shut at 87.39 towards the U.S. greenback.
Rupee opened on a optimistic observe as FPIs returned in a small means again to purchasing Indian equities after varied steps for development introduced by PM Narendra Modi, together with adjustments within the GST regime, mentioned Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP.
“Rupee is expected to trade in a range of 87.20 to 87.60 during the day,” Bhansali added.
Finance Minister Nirmala Sitharaman will attend an important assembly of a State ministerial panel on August 20 to place forth the Centre’s proposal for sweeping GST reforms that may slash tax charges and result in discount in costs of widespread use gadgets.
However, the rupee’s subsequent strikes could also be formed extra immediately by US commerce coverage. US President Donald Trump’s further 25 per cent tariffs on Indian items are scheduled to take impact on Wednesday, August 27, CR Forex Advisors MD – Amit Pabari mentioned.
Meanwhile, Brent crude, the worldwide oil benchmark, was buying and selling decrease by 0.44 per cent at USD 66.31 per barrel in futures commerce, after talks between Trump and Ukrainian President Volodymyr Zelenskyy remained inconclusive within the wake of the latest Russian-US summit on Friday.
The greenback index, which gauges the buck’s power towards a basket of six currencies, was larger by 0.05percentt at 98.21, as U.S. President Trump hosted talks on ending the struggle in Ukraine and merchants pared bets on a September fee reduce earlier than a speech by FED Reserve Chief Jerome Powell at this week’s Jackson Hole Meeting.
On the home fairness market entrance, Sensex climbed 203.44 factors to 81,477.19 in early commerce, whereas the Nifty was up 53.4 factors to 24,930.35.
Foreign Institutional Investors purchased equities value Rs 550.85 crore on Monday, in line with trade knowledge.
Published – August 19, 2025 09:58 am IST
