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Rupee rises 4 paise to settle at 85.62 against US dollar
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....upee rises 4 paise to settle at 85.62 against US dollar<BR>PTI News<BR>Dated:- 10-6-2025<BR>PTI<BR>Mumbai, Jun 10 (PTI) Rupee rose 4 paise to close at 85.62 (provisional) against the US dollar on the back of strong foreign capital inflows. However, a mixed sentiment in the domestic equity markets, a rise in global crude oil prices, and a stronger US dollar against major currencies capped further....
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.... gains in the local unit, according to forex traders. Foreign institutional investors (FIIs) had purchased equities worth Rs 1,992.87 crore on a net basis on Monday, according to exchange data. At the interbank foreign exchange, rupee opened at 85.62 and registered an intra-day peak of 85.51 and a low of 85.68 before settling at 85.62 (provisional) against the greenback, up 4 paise from its pr....
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....evious close. The local unit had settled at 85.66 against the US dollar on Monday. "The USD-INR spot pair has been consolidating within a tight range of 85.00 to 86.00, with market participants awaiting a decisive trigger. Comfortable liquidity conditions in the money market, following the cash reserve ratio (CRR) reduction, have led to a softening in forward premiums as interest rate differenti....
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....als between India and the US continue to narrow. This has made forward hedging less attractive for exporters," Anindya Banerjee, Head Currency & Commodity, Kotak Securities, said. "We expect the RBI to stay active in the forex market to curb excessive volatility. On the domestic front, India's relatively stable macroeconomic fundamentals continue to provide a firm underpinning to the rupee," he ....
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....said. In the domestic equity market, the 30-share BSE Sensex declined 53.49 points to settle at 82,391.72, while the Nifty edged up to close at 25,104.25. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.15 per cent at 99.09. "The next significant directional cue for the pair is likely to emerge from risk sentiment....
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.... and the broader trend in the US Dollar Index (DXY), which is currently attempting to establish a short-term base. A sustained move above the 100.00 mark in the DXY could propel USD-INR beyond the 86.00 resistance, with a potential extension towards 86.50," Banerjee said. Brent crude, the global oil benchmark, rose 0.18 per cent to USD 67.16 per barrel in futures trade. PTI TRB HVA<BR> News - Pr....
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....ess release - PIB....