The Indian rupee depreciated by 47 paise against the U.S. dollar, closing at 85.87 on July 7, 2025.
Key highlights:
• Foreign institutional investors sold equities worth ₹760.11 crore on July 4.
• Rupee opened at 85.53 and ranged from 85.51 to 86.03 before settling.
• Trump’s tariff uncertainties and rising oil prices contributed to rupee pressure.
• Dollar index rose by 0.24% to 97.41.
• Sensex edged up by 9.61 points to close at 83,442.50.
The rupee’s decline was influenced by global factors like Trump’s trade policy uncertainties and rising oil prices, impacting investor sentiment and market stability.
Source: Business News Today, Latest Finance News | The Hindu