Rupee rises 6 paise to settle at 85.67 in opposition to U.S. greenback

The rupee appreciated by 6 paise to shut at 85.67 (provisional) in opposition to the U.S. greenback on Wednesday (July 9, 2025) following optimism over a doable commerce cope with the U.S. and a delay within the imposition of reciprocal tariffs.

A agency U.S. greenback in abroad markets and crude oil staying close to $70 per barrel capped the good points within the native forex, foreign exchange sellers stated.

At the interbank international trade, the rupee opened weak at 85.84 in opposition to the U.S. greenback, and traded in a spread of 85.93 and 85.65 throughout the day. The native unit lastly closed at 85.65 (provisional), up 6 paise from the earlier shut.

On Tuesday (July 8, 2025), the rupee rose by 21 paise to 85.73 in opposition to the U.S. greenback.

“The rupee opened weak near 85.90 against the dollar but recovered slightly after initial losses. Ongoing trade deal negotiations and tariff delay extensions provided some relief, helping the rupee stabilise and limit further downside near the 86.00 mark. The rupee is expected to trade within a range of 85.30 to 86.20,” Jateen Trivedi, VP Research Analyst – #Commodity and #Currency, LKP Securities, stated.

Brent crude, the worldwide oil benchmark, rose 0.33percentt to $70.38 per barrel in futures commerce.

The greenback index, which gauges the buck’s power in opposition to a basket of six currencies, climbed 0.03% to 97.02.

Meanwhile, on the home fairness market, the Sensex dropped 176.43 factors to settle at 83,536.08, whereas the Nifty misplaced 46.40 factors to shut at 25,476.10.

Foreign institutional traders (FIIs) offloaded equities value ₹26.12 crore on a internet foundation on Tuesday (July 8, 2025), in accordance with trade knowledge.