Unicaus NEWS
Image used for illustration function solely. | Photo Credit: Reuters
Forex merchants mentioned the restoration within the U.S. greenback capped the upside for the home unit. Moreover, worries over US tariffs on India dented investor sentiments additional.
At the interbank international alternate market, the rupee opened at 88.22, then misplaced floor and touched a low of 88.27 in opposition to the US greenback, registering a decline of seven paise over its earlier shut.
On Thursday (September 18, 2025), the rupee depreciated 35 paise to shut at 88.20 in opposition to the U.S. greenback.
“The rupee may have stumbled after its recent run, but the story is far from over. Supportive trade developments and firm domestic confidence suggest there is still room for appreciation,” CR Forex Advisors MD Amit Pabari mentioned.
Key assist is positioned at 87.70 — a sustained break under this degree may open the way in which towards 87.50 and, if momentum builds, even 87.20. On the flip facet, resistance is more likely to cap beneficial properties round 88.40, Pabari added.
Forex merchants mentioned weekly jobless claims within the US dropped sharply by 33,000, much better than market estimates. The shock turnaround lifted the greenback index again towards 97 degree after almost dipping under 96 a day earlier.
Meanwhile, the greenback index, which gauges the buck’s energy in opposition to a basket of six currencies, fell 0.01 per cent to 97.34.
Meanwhile, commerce talks between India and the U.S. are progressing and are transferring in the correct course, Commerce and Industry Minister Piyush Goyal mentioned on Thursday.
He mentioned Assistant U.S. Trade Representative for South and Central Asia Brendan Lynch was in New Delhi on September 16 for daylong talks with Indian official staff.
Published – September 19, 2025 10:26 am IST
