Rupee falls 9 paise to 85.96 against U.S. dollar in early trade
The Hindu
Rupee weakens against dollar due to global risk aversion, importer demand, and anticipation of RBI policy review.
The rupee depreciated 9 paise to 85.96 against the U.S. dollar in early trade on Thursday (June 5, 2025), weighed down by dollar demand from foreign investors, oil companies, and importers.
Forex traders said market participants are now keenly awaiting the outcome of the Reserve Bank of India's monetary policy meeting for further cues.
The Reserve Bank's rate-setting panel started its three-day brainstorming on monetary policy on Wednesday (June 4, 2025), and the outcome is scheduled to be announced on June 6.
At the interbank foreign exchange, the rupee opened at 85.86 and slipped further by 9 paise to 85.96 against the American currency in early trade over its previous close.
On Wednesday, the rupee depreciated for the second consecutive session and settled for the day lower by 26 paise at 85.87 against the U.S. dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.07% at 98.85.
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