According to government data, India’s retail inflation dipped to an over six-year low of 2.82% in May due to subdued food prices, remaining below RBI’s median target of 4% for the fourth consecutive month
Rupee declined 56 paise to 86.08 against the U.S. dollar in early trade on Friday (June 13, 2025) due to a spike in global oil prices and a firm dollar amid rising tensions in the Middle East following a fresh Israel attack on Iran’s nuclear sites.
A weak opening in domestic equity markets and heavy FII outflows further contributed to the fall in the local unit, forex traders said.
At the interbank foreign exchange, the local unit opened at 86.25 against the greenback before inching up to 86.08, down 56 paise from its previous close. The rupee had settled at 85.52 on Thursday (June 14, 2025).
Rupee declined 56 paise to 86.08 against the U.S. dollar in early trade on Friday (June 13, 2025) due to a spike in global oil prices and a firm dollar amid rising tensions in the Middle East following a fresh Israel attack on Iran’s nuclear sites.
A weak opening in domestic equity markets and heavy FII outflows further contributed to the fall in the local unit, forex traders said
At the interbank foreign exchange, the local unit opened at 86.25 against the greenback before inching up to 86.08, down 56 paise from its previous close. The rupee had settled at 85.52 on Thursday (June 12, 2025).
“The rupee opened weak as hostility in the Middle East kept tensions boiling and risk appetite taking a hit with Gift Nifty down 285 points,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
