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The rupee recuperated from record low level and closed 15 paise greater at 87.73(provisionary)versus the U.S. dollar on Wednesday( August 6, 2025), supported by an unstable greenback and the Reserve Bank’s choice to hold rates of interest constant.
Increasing unrefined oil rates, unfavorable domestic equity markets, and unpredictabilities around the U.S. tariff on India limited gains in the regional system, according to forex traders.
At the interbank forex, the domestic system opened at 87.72 and relocated a variety of 87.63-87.80 throughout the day before settling at 87.73 (provisionary), up 15 paise from its previous close.
The rupee reviewed its lowest-ever intra-day level and ended with a loss of 22 paise at 87.88 versus the United States dollar on Tuesday.
After 3 succeeding rates of interest cuts, the Reserve Bank of India (RBI) on Wednesday chose to keep policy rate the same at 5.5% and maintained the neutral position, in the middle of issues over tariff unpredictabilities.
Revealing the 3rd bi-monthly financial policy of the existing financial, RBI Governor Sanjay Malhotra stated the development rate forecast for FY26 has actually been kept at 6.5 percent.
“The rupee was in the narrow range with RBI protecting one end and FPIs buying for their dollar outflows, along with oil companies, before the due date of US secondary sanctions on Russia day after tomorrow [Friday],” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, stated.
“We wait for the penal tariffs US applies on India for purchasing oil from Russia as the rupee traverses through a narrow path today with something positive in the mind. For tomorrow, we expect rupee in the range of 87.25/88.00,” he stated.
Brent crude rates increased 1.45% to $68.62 per barrel in futures trade.
The dollar index, which evaluates the greenback’s strength versus a basket of 6 currencies, was up partially 0.01% to 98.79 after falling over night.
In the domestic equity market, the 30-share BSE Sensex decreased 166.26 indicate settle at 80,543.99, while the Nifty decreased 75.35 indicate close at 24,574.20.
Foreign institutional financiers (FIIs) unloaded equities worth 22.48 crore on a net basis on Tuesday, according to exchange information.
Released – August 06, 2025 04:34 pm IST
