The rupid has written off 18 Paise to 86.88 against the US dollar in early trade on Tuesday as the demand for one -off dollar and persistent foreign fund weighed on the local unity.
Forex traders said that the domestic unity traded with a negative bias, because the demand for dollars from importers kept the American unity good offer against the rupid.
In addition, a muted trend in domestic shares and ongoing foreign fund outflows further feelings of investors, they said.
On the Interbancaire Veviezenmarkt, the rupid opened at 86.76 and then hit an early low point of 86.88 against the American currency and registered a fall of 18 Paise on his previous closure.
On Monday, the rupid had settled against the dollar on 86.70.
In the meantime, the dollar index, which measures the strength of the Greenback with a basket of six currency, marginal by 0.01 percent to 98.64.
Brent Crude, the global oil benchmark, rose by 0.04 percent to $ 70.07 per barrel in futures -trading, because the development of trade agreements facilitated tariff problems and future energy -requirements stimulated.
The rupid opened a weaker tone and could fall to a low point of 86.90 this week, said Anil Kumar Bhansali, head of Treasury and executive director Finrex Treasury Advisors LLP.
“RBI seems to protect the rupid at intervals, but has allowed the decrease in a slow and stable way. Equiteities have also been non-supporting,” he said.
In the meantime, Sesex traded 51.09 points or 0.06 percent higher at the Interior stock market at 80,942.11, while Nifty rose 18.30 points or 0.07 percent to 24,699.20.
Foreign Institutional Investors (FIIs) have shares worth £ 6,082.47 crore on a net basis on Monday worth Exchange Data.
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Published July 29, 2025
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