The rupee rose 8 paise to 86.03 (provisional) against the U.S. dollar on Monday (June 16, 2025) amid a powerful present at the home fairness markets, weakening dollar, and easing of world crude oil costs.
However, decline in exports, together with international fund outflows, capped additional beneficial properties within the native unit, foreign exchange merchants stated.
At the interbank international change, the native unit opened at 86.16 against the buck and traded within the vary of 85.94-86.24 earlier than closing at 86.03 (provisional), up 8 paise from its earlier close.
The rupee had plummeted 59 paise to 86.11 against the U.S. dollar on Friday (June 13, 2025).
The rupee regained, “but there was good dollar buying at lower levels as markets awaited the outcome of the continuing Iran-Israel war in the Middle East”, Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, stated, including that the rupee degree could possibly be in a wider vary of 85.75 to 86.50 on Tuesday (June 17, 2025).
India’s exports declined 2.17% to $38.73 billion in May, whereas the commerce deficit stood at $21.88 billion within the month, the newest authorities knowledge confirmed on Monday (June 16, 2025).
Imports declined 1.7% year-on-year to $60.61 billion in May.
Wholesale worth inflation (WPI) within the nation declined to 0.39% in May as costs of meals articles, manufactured merchandise, and gas eased, as per authorities knowledge.
WPI-based inflation was 0.85% in April. It was 2.74% in May final 12 months.
Meanwhile, within the home fairness market, the 30-share BSE Sensex jumped 677.55 factors to settle at 81,796.15 whereas Nifty climbed 227.90 factors to 24,946.50.
The costs of Brent crude — the worldwide oil benchmark — dipped 0.79% to 73.64 per barrel in futures commerce after rising sharply over the previous few days owing to the escalating Israel-Iran battle.
The dollar index, which gauges the buck’s power against a basket of six currencies, declined 0.20% to 97.98.
India’s foreign exchange reserves elevated $5.17 billion to $696.65 billion for the week ended June 6, the Reserve Bank of India stated on Friday (June 13, 2025).
Foreign institutional traders (FIIs) offloaded equities price ₹1,263.52 crore on a internet foundation on Friday (June 13, 2025), in accordance to change knowledge.
Published – June 16, 2025 04:47 pm IST
