The dollar index, which gauges the dollar’s power against a basket of six currencies, fell 0.16% to 98.07. Representational file picture.
| Photo Credit: AP
The rupee rose by 6 paise to close at 87.63 (provisional) against the U.S. dollar on Thursday (August 28, 2025), aided by a weaker dollar and a decline in crude oil costs.
However, issues over further U.S. tariffs on Indian merchandise, which kicked in on Wednesday (August 27, 2025), and a decline in home fairness markets capped beneficial properties within the native unit, in accordance to foreign exchange merchants.
The U.S. Government has imposed a complete of fifty% tariffs on Indian exports to America, barring just a few sectors.
At the interbank international change, the rupee opened at 87.56 against the dollar and traded within the vary of 87.53-87.68 through the day. The native unit settled at 87.63 (provisional), registering a achieve of 6 paise from its earlier close.
The rupee depreciated 13 paise to close at 87.69 against the U.S. dollar on Tuesday (August 26, 2025). Equity and foreign exchange markets remained closed on Wednesday (August 27, 2025) on account of Ganesh Chaturthi.
Brent crude, the worldwide oil benchmark, was buying and selling 0.72% decrease at $67.56 per barrel in futures commerce.
“Brent oil prices fell in Asian trading on Thursday (August 27, 2025) after U.S. data showed a lower-than-expected drop in crude inventories, while investors weighed the impact of additional U.S. tariffs against India,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, mentioned.
The dollar index, which gauges the dollar’s power against a basket of six currencies, fell 0.16% to 98.07.
“The dollar index fell as U.S. President Donald Trump’s unprecedented move to fire FED Governor Lisa Cook renewed concerns over the Central Bank’s independence,” Mr. Bhansali added.
On the home fairness market entrance, the Sensex tumbled 705.97 factors to settle at 80,080.57, whereas the Nifty was down 211.15 factors to 24,500.90.
Foreign Institutional Investors offloaded equities value ₹6,516.49 crore on Tuesday (August 26, 2025), in accordance to change knowledge.
Published – August 28, 2025 04:41 pm IST