According to reports, the Indian rupee closed 4 paise higher at 85.69 against the U.S. dollar on July 10, 2025. Key highlights:
• Rupee strengthened on expectations of a U.S.-India trade deal.
• Interbank exchange saw rupee trading between 85.69 and 85.53.
• Indian commerce ministry to discuss trade agreement with the U.S.
• U.S. extended additional import duties till August 1.
• India seeks removal of 26% import duty among other tariff relaxations.
The positive rupee performance reflects market optimism surrounding potential trade agreements between India and the U.S., impacting investment opportunities and economic growth in India.
Source: Business News Today, Latest Finance News | The Hindu