The Indian rupee experienced a decline in early trading on Monday, July 14, 2025, falling 17 paise to trade at 85.97 against the U.S. dollar.This movement was attributed to a strengthening U.S. dollar and outflows from Foreign Institutional Investors (FIIs).
Forex experts indicated that ongoing uncertainties surrounding U.S. trade tariffs also contributed to the pressure on the rupee.
The local currency opened at 85.96 against the U.S. dollar in the interbank foreign exchange market before weakening to 85.97,marking a 17-paise decrease from its previous closing value of 85.80 on Friday, July 11, 2025.
Anil kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP, commented on the situation, stating, “As (U.S. President Donald) Trump applies tariffs on various countries, India remains out of the tariffs band for now with negotiations still on to finalise the amount of tariff that the US could apply. The range for rupee during the day is expected to be 85.50-86.00.”
The dollar index, which measures the U.S. dollar’s performance against a basket of six major currencies, saw an increase of 0.08%, reaching 97.93.
in commodity markets, Brent crude, the global oil benchmark, traded lower by 0.19% at $70.02 per barrel in futures trade.
Domestically, the equity markets showed a downturn. The benchmark Sensex fell by 295.37 points to 82,205.10, while the Nifty declined by 71.4 points to 25,078.45.
Data released by the exchanges on Friday indicated that foreign institutional investors (FIIs) were net sellers of equities, divesting ₹5,104.22 crore.
Furthermore, the latest data from the Reserve Bank of India, published on Friday, revealed a decrease in India’s foreign exchange reserves. the reserves dropped by $3.049 billion to $699.736 billion for the week ending July 4.
Published – July 14, 2025 09:53 am IST