In early trading on Thursday, July 17, 2025, the rupee increased 12 paise to 85.80 against the US dollar as the world’s crude oil prices declined and there was optimism that the current trade negotiations between the United States and India would result in a breakthrough.

However, forex traders claim that FII outflows and a rising dollar relative to other currencies prevented the local currency from seeing more significant increases.

The rupee started off down versus the US dollar at 85.93 on the interbank foreign exchange, but it eventually climbed into positive territory, closing at 85.80, up 12 paise from its previous finish.

On Wednesday, July 16, 2025, the rupee closed at 85.92, down 16 paise versus the US dollar.

For further discussions on the potential bilateral trade deal, a team from the Indian Commerce Ministry is now in Washington. Beginning on Monday, July 14, 2025, the four-day negotiations will end on Thursday.

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