Archive · 28 May 2025
Rupee to Weaken on Dollar's Strength
The Indian rupee is likely to start weaker against the US dollar.
This is happening because the US dollar is getting stronger after good news about how confident people are feeling about the economy.
Oil prices are also up.
Investors are watching the currency market.
The rupee's value may move in the 85-86 range according to a currency trader.
The Indian rupee is expected to open slightly weaker.
The U.S. dollar strengthened due to better-than-expected consumer confidence data.
The dollar index rose to 99.7.
Brent crude futures increased to $64.5 per barrel.
Foreign investors bought Indian shares and sold Indian bonds on May 26.
- Who
- Currency traders and investors.
- What
- The Indian rupee is expected to open weaker against the U.S. dollar.
- When
- Wednesday, May 28, 2025, in early trade.
- Where
- Interbank foreign exchange market.
- Why
- The strengthening U.S. dollar due to positive consumer confidence data and rising oil prices.
- Rupee Opening Range
- 85.38-85.40
- Dollar Index
- 99.7
- Brent Crude Futures
- $64.5 per barrel
- One-month non-deliverable rupee forward
- 85.55
- Onshore one-month forward premium
- 15 paise
- 10-year U.S. note yield
- 4.46%
- Foreign Investment in Shares (May 26)
- $186.9 million
- Foreign Investment in Bonds (May 26)
- -$34.8 million
Sources
Asian shares edge lower as US markets closed for Memorial Day
FTSE 100, Hang Seng lead gains as markets shake off trade jitters
Wall Street opens higher as tech stocks lead gains; Dow jumps over 300 points
Asian stocks climb as Wall Street rebounds on strong US data, Trump tariff delay
Rupee depreciates 23 paise to 85.63 against U.S. dollar in early trade
