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Forex merchants mentioned international fund inflows, a constructive pattern in home equities and risk-on sentiments boosted investor sentiments.
At the interbank international trade market, the rupee opened at 87.80 towards the US greenback, registering a achieve of 13 paise from its earlier shut.
On Monday (October 20, 2025), the rupee had settled 9 paise increased at 87.93 towards the buck.
Foreign trade markets had been closed on Tuesday (October 21, 2025) and Wednesday (October 22, 2025) as a result of Diwali and Diwali Balipratipada, respectively.
“The Indian rupee opened stronger after the optimism on the US-India trade deal as Trump said that India will slowdown on Russian oil buying and market expected a trade deal to be signed soon in which the tariffs on India will be lessened to 16% from the existing 50%,” mentioned Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.
Prime Minister Narendra Modi and U.S. President Donald Trump mentioned commerce points throughout a cellphone dialog amid efforts by the 2 sides to restore bilateral ties that stay beneath pressure after Washington slapped a whopping 50% tariff on Indian items.
In his remarks following the decision on Tuesday (October 21, 2025), Mr. Trump described the India-US relationship as “great” and mentioned, with out elaborating, that the 2 sides are engaged on some “great deals”.
Bhansali additional added that market sentiment will, nonetheless, stay cautious as merchants watch world cues, US financial information and RBI financial alerts for additional instructions.
U.S. President Donald Trump has reiterated his declare that India has agreed to “stop” shopping for oil from Russia and would deliver them right down to “almost nothing” by the top of the yr.
However, he mentioned, it’s a course of and can take a while.
Meanwhile, the greenback index, which gauges the buck’s power towards a basket of six currencies, was buying and selling 0.15 per cent increased at 99.04.
Brent crude, the worldwide oil benchmark, was buying and selling increased by 2.64% at $64.24 per barrel in futures commerce.
On the home fairness market entrance, Sensex jumped 734.36 factors to 85,160.70 in early commerce, whereas the Nifty surged 198.3 factors to 26,066.90.
Foreign Institutional Investors bought equities price Rs 96.72 crore on Tuesday, based on trade information.
Published – October 23, 2025 09:53 am IST
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