The rupee recovered from file low degree and closed 15 paise increased at 87.73 (provisional) against the U.S. dollar on Wednesday (August 6, 2025), supported by a risky dollar and the Reserve Bank’s choice to maintain rate of interest regular.
However, rising crude oil costs, damaging home fairness markets, and uncertainties across the U.S. tariff on India restricted good points within the native unit, in accordance to foreign exchange merchants.
At the interbank overseas alternate, the home unit opened at 87.72 and moved in a spread of 87.63-87.80 throughout the day earlier than settling at 87.73 (provisional), up 15 paise from its earlier shut.
The rupee revisited its lowest-ever intra-day degree and ended with a lack of 22 paise at 87.88 against the US dollar on Tuesday.
After three successive rate of interest cuts, the Reserve Bank of India (RBI) on Wednesday determined to preserve coverage fee unchanged at 5.5% and retained the impartial stance, amid considerations over tariff uncertainties.
Announcing the third bi-monthly financial coverage of the present fiscal, RBI Governor Sanjay Malhotra mentioned the expansion fee projection for FY26 has been retained at 6.5 per cent.
“The rupee was in the narrow range with RBI protecting one end and FPIs buying for their dollar outflows, along with oil companies, before the due date of US secondary sanctions on Russia day after tomorrow [Friday],” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, mentioned.
“We wait for the penal tariffs US applies on India for purchasing oil from Russia as the rupee traverses through a narrow path today with something positive in the mind. For tomorrow, we expect rupee in the range of 87.25/88.00,” he mentioned.
Meanwhile, Brent crude costs rose 1.45% to $68.62 per barrel in futures commerce.
The dollar index, which gauges the dollar’s energy against a basket of six currencies, was up marginally 0.01% to 98.79 after falling in a single day.
In the home fairness market, the 30-share BSE Sensex declined 166.26 factors to settle at 80,543.99, whereas the Nifty went down 75.35 factors to shut at 24,574.20.
Foreign institutional traders (FIIs) offloaded equities price ₹22.48 crore on a internet foundation on Tuesday, in accordance to alternate information.
