Rupee falls 30 paise to close at 86.73 against U.S. dollar
The Hindu
Rupee falls for third day, closing at 86.73 against USD due to strong dollar and high oil prices.
The rupee registered the third straight session of fall and depreciated 30 paise to close at 86.73 (provisional) against U.S. dollar on Thursday (June 19, 2025), weighed down by the strength of the American currency in the overseas markets and rising crude oil prices.
Forex traders said the rupee depreciated for the third consecutive day, logging a loss of 69 paise, primarily due to prevailing risk-averse market sentiment and dollar demand from importers, fuelled by ongoing geopolitical uncertainties.
Moreover, muted domestic equity markets and rising geopolitical tensions in the Middle East also pressurised the rupee, they added.
At the interbank foreign exchange, the domestic unit witnessed heavy volatility. It opened at 86.54 against the greenback and touched an intra-day high of 86.49 and a low of 86.89 against the greenback during the day.
At the end of Thursday's trading session, the local unit was at 86.73 (provisional), down 30 paise over its previous closing price.
On Wednesday, the rupee depreciated 9 paise to close at 86.43 against the U.S. dollar.
"We expect the rupee to trade with a negative bias as rising geopolitical tensions in the Middle East may pressure the domestic currency. Strong U.S. dollar and rising global crude oil prices may also put downside pressure on the rupee," Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan said, adding that the USD-INR spot price is expected to trade in a range of 86.50 to 87.20.
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