Rupee falls 6 paise to 87.69 towards U.S. greenback in early commerce
A person speaks on his cell phone subsequent to an set up of the Rupee emblem and Indian forex cash outdoors the Reserve Financial institution of India (RBI) headquarters in Mumbai, India, August 1, 2025.
| Picture Credit score: Reuters
The rupee traded in a decent vary and slipped 6 paise to 87.69 towards the U.S. greenback in morning commerce on Wednesday (August 13, 2025) as depreciation pressures are nonetheless lingering amid persistent overseas fund outflows.
Foreign exchange merchants stated the rupee is buying and selling in a slim vary because the Reserve Financial institution of India has stepped up its efforts to curb extreme rupee depreciation.
On the interbank overseas change market rupee opened at 87.63, then touched an intra-day low of 87.69 towards the U.S. greenback in preliminary commerce, decrease by 6 paise from its earlier shut.
On Tuesday (August 12, 2025), the rupee appreciated 12 paise to shut at 87.63 towards the U.S. greenback.
In preliminary commerce, the rupee touched an early excessive of 87.61 towards the dollar.
Following the U.S. CPI launch, the likelihood of a Fed fee lower on September 17 rose sharply to 90% from 82%, CR Foreign exchange Advisors MD Amit Pabari stated.
The greenback index, which gauges the dollar’s energy towards a basket of six currencies, declined 0.08% to 98.01, as markets continued to cost in a September U.S. fee lower.
Brent crude, the worldwide oil benchmark, was up 0.09% at $66.18 per barrel in futures commerce.
On the home entrance, India’s July retail inflation cooled sharply to 1.55%, marking the bottom stage since June 2017.
“Value pressures undershooting the Reserve Financial institution of India’s inflation goal are paving the way in which for extra rate of interest cuts this 12 months, including downward stress on the rupee,” Mr. Pabari stated.
“Amidst pressures, the Reserve Financial institution of India has reportedly stepped up its efforts to curb extreme rupee depreciation, promoting a minimum of $5 billion in each onshore and offshore markets this month.
“Whereas these interventions have offered short-term aid, persistent headwinds, together with escalated commerce tensions from increased U.S. tariffs, proceed to depart the rupee susceptible and depreciation dangers alive,” he added.
On the home fairness market entrance, the Sensex climbed 327.79 factors to 80,563.38 in early commerce, whereas the Nifty was up 112.15 factors to 24,599.55.
International Institutional Buyers offloaded equities price ₹3,398.80 crore on Tuesday, in line with change knowledge.
Printed – August 13, 2025 11:12 am IST
