A person counts Indian forex notes at a market in Bengaluru, India, August 1, 2025. REUTERS/Priyanshu Singh | Photo Credit: Reuters
Forex merchants stated the rupee is buying and selling in a decent vary and the general bias is anticipated to be damaging amid uncertainty over the commerce tariffs concern between India and the U.S.
Moreover, buyers are in a wait-and-watch mode forward of the U.S.-Russia talks on August 15. At the interbank overseas trade market, the rupee opened at 87.48 in opposition to the U.S. greenback, then touched 87.39, registering a achieve of 8 paise over its earlier shut.
On Wednesday (August 13, 2025), the rupee settled at 87.47 in opposition to the U.S. greenback.
Meanwhile, Brent crude costs rose 0.38% to $65.98 per barrel in futures commerce.
“The Brent oil was nonetheless beneath USD 66 per barrel because it regained floor after falling rather more within the earlier session, with the upcoming US-Russia talks elevating danger premiums out there,” stated Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
The greenback index, which gauges the buck’s power in opposition to a basket of six currencies, fell 0.08% to 97.76.
“The US FED charge reduce bets are taking the greenback index downwards,” Bhansali stated, including that “Rupee has an opportunity of gaining slowly in the direction of 87.00 ranges relying on the end result of the summit of US-Russia on August 15.”
On the home fairness market entrance, Sensex climbed 154.07 factors to 80,693.98 in early commerce, whereas the Nifty was up 45 factors to 24,664.35.
Foreign Institutional Investors offloaded equities value ₹3,644.43 crore on Wednesday (August 14, 2025), in response to trade information.
Published – August 14, 2025 10:56 am IST
Leave a Comment