Rupee rises 21 paise to 85.34 towards U.S. greenback in early commerce

Forex merchants mentioned, U.S. President Donald Trump introduced a commerce settlement with Vietnam, and that injected a dose of optimism that maybe extra such agreements might be within the pipeline earlier than the essential July 9 deadline.

The optimism spilled over into broader Asian foreign exchange sentiment, giving the rupee some contemporary momentum.

At the interbank international change, the home unit opened at 85.44 towards the buck. In preliminary commerce, it witnessed a excessive of 85.34, registering an increase of 21 paise over its earlier shut.

On Thursday, The rupee pared preliminary losses and edged up 7 paise to shut at 85.55 towards the greenback.

“With the July 9 tariff deadline drawing near and President Trump’s “One Big Beautiful Bill” looming in the background, markets are on edge. The rupee is expected to find solid support near 85.20 and trade in a broad range, with resistance likely around 86.20–86.40,” CR Forex Advisors MD – Amit Pabari mentioned.

Meanwhile, the greenback index, which gauges the buck’s power towards a basket of six currencies, fell 0.20% to 96.98.

Brent crude, the worldwide oil benchmark, fell 0.38% to $68.54 per barrel in futures commerce.

“Brent crude has started inching higher once again, currently hovering around $68.20 per barrel. For India, a net oil importer, rising crude prices pose a near-term threat to the trade and current account balances,” Pabari added.

Meanwhile, within the home fairness market, the Sensex declined 25.10 factors or 0.03% to 83,214.37, whereas Nifty fell 7.70 factors or 0.03% to 25,396.50.

Foreign institutional buyers (FIIs) offloaded equities price ₹1,481.19 crore on a web foundation on Thursday (July 3, 2025), based on change knowledge.

On the home macroeconomic entrance, the Indian companies sector development touched a ten-month excessive in June aided by strong growth in worldwide gross sales and job creation, amid optimistic demand developments and ongoing enchancment in gross sales, a month-to-month survey mentioned on Thursday.

The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 58.8 in May to 60.4 in June, pushed by sharp upturn in new enterprise orders.