Rupee rises 7 paise to close at 85.80 against U.S. dollar
The Hindu
Rupee gains against dollar on positive equities, Asian currencies, and softening crude oil prices, awaiting RBI policy decision.
The rupee snapped its two-day losing streak and closed 7 paise higher at 85.80 (provisional) against the U.S. dollar on Thursday (June 5, 2025), supported by positive domestic equities and a rise in Asian currencies.
Forex traders said overnight softening of crude oil prices favoured the rupee. However, a strong U.S. dollar index capped sharp gains.
Besides, market participants are now keenly awaiting the outcome of the Reserve Bank of India's (RBI's) monetary policy meeting for further cues, they said.
At the interbank foreign exchange, the domestic unit witnessed a volatile trading session— it opened at 85.86 and moved between a high of 85.67 and a low of 85.96 against the greenback during the day.
The local unit pared all its initial gains and settled for the day on the positive territory, higher by 7 paise at 85.80 against the American currency.
On Wednesday (June 4, 2025), 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.
"We expect the rupee to trade with a negative bias on positive tone in the U.S. dollar and elevated crude oil prices. Ongoing trade tensions between U.S. and China and geo-political tensions between Ukraine and Russia may also pressure the rupee.
RBI plans ₹1 lakh crore OMO in December to boost liquidity amid upcoming tax payments, ensuring stability in the banking system.
IndiGo faces ongoing flight delays and cancellations due to technology issues, weather, and new crew rostering rules.
Stock markets experience volatility as investors await RBI's monetary policy amid foreign fund outflows and mixed global trends.
ED attaches assets worth ₹1,120 crore in Anil Ambani's Reliance Group case, totaling ₹10,000 crore amid money laundering probe.
Rupee rises 20 paise to 89.69 against the dollar as investors await RBI's monetary policy decision amidst market pressures.
Just nine Fugitive Economic Offenders (FEOs) owed Indian banks over ₹58,000 crore in principal and interest. To date, banks have recovered just over ₹19,000 crore — roughly 33% of the total dues.
Commerce Minister Piyush Goyal urges Indian businesses to seize opportunities in Russia's market, addressing talent shortages and trade demands.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.