Rupee rises 24 paise to shut at 85.48 towards U.S. greenback

Lower degree of American forex index additionally favoured the Indian forex although an uptrend in crude oil costs capped its acquire, foreign exchange merchants stated.

Foreign institutional traders (FIIs) bought equities value ₹12,594.38 crore on a web foundation on Thursday (June 26, 2025), in line with alternate information.

At the interbank international alternate, the rupee opened at 85.50 towards the greenback and traded within the vary of 85.43-85.65 earlier than settling at 85.48 (provisional), up 24 paise from its earlier shut.

The native unit rose 36 paise to shut at 85.72 towards the U.S. greenback on Thursday (June 26, 2025).

“FII inflows and falling greenback index allowed the rupee to maneuver increased. The RBI can also be shopping for the dips to liquidate its month-end positions,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, stated.

“The Trump tariff’s date of July 9 is quick approaching and… market stays gripped with uncertainty. Therefore, there’s a probability of rupee hitting 86 subsequent week,” he stated.

The greenback index, which gauges the dollar’s energy towards a basket of six currencies, inched up 0.10% to 97.24 after declining earlier within the day.

Brent crude, the worldwide oil benchmark, went up 0.72% to $68.22 per barrel in futures commerce after declining within the earlier session.

Meanwhile, within the home fairness market, Sensex climbed 303.03 factors to settle at 84,058.90, whereas Nifty rose 88.80 factors to 25,637.80.