Rupee rises 6 paise to 85.51 against U.S. dollar in early trade
The Hindu
Indian rupee strengthens against the U.S. dollar on FII inflows and lower oil prices, with market awaiting trade deal.
The Indian rupee rose 6 paise to 85.51 against the U.S. dollar in early trade on Wednesday (June 11, 2025), aided by strong FII inflows and a decline in global crude oil prices.
The rupee could move within a range of 85.40-90 during the day, with the mid-month demand coming up for oil, defence, and government payments, forex traders said.
At the interbank foreign exchange, the rupee opened at 85.53 against the greenback before inching up to 85.51, higher by 6 paise from its previous close. The domestic unit rose 9 paise to settle at 85.57 on Tuesday (June 10, 2025).
“The rupee was in a range-bound, lacklustre trading yesterday (June 10, 2025) as the market awaited a deal between China and the U.S. The rupee could move within a range of 85.40-90 during the day,” Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP, said.
In the domestic equity market, the 30-share BSE Sensex rose 93.43 points, or 0.11%, to 82,485.15 on Wednesday (June 11, 2025) morning, while the Nifty rose 19.40 points, or 0.08%, to 25,123.65.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.05% to 99.14 after falling on Tuesday(June 10, 2025) night.
“The U.S. futures dipped on Tuesday (June 10, 2025) evening as a U.S. court ruled that President Donald Trump’s trade tariffs can remain in place, dampening hopes that a legal challenge could block the duties. U.S. and Chinese officials had earlier stated that consensus on a trade framework had been reached, but more details were yet to be provided,” Bhansali said.
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