INR vs USD, June 25, 2026: Rupee Rises 16 Paise To Settle at 94.39 Against US Dollar

The rupee appreciated 16 paise to settle at 94.39 (provisional) against the US dollar on Thursday, supported by a continued decline in global crude oil prices. Positive sentiment in domestic equity markets and a marginally weaker US dollar further aided the local currency, although foreign institutional investor (FII) outflows limited sharper gains, according to forex traders.

At the interbank foreign exchange market, the rupee opened at 94.30 against the greenback and traded within a range of 94.13 to 94.56 during the session. It eventually settled at 94.39, marking a gain of 16 paise from its previous close. On Wednesday, the domestic currency had strengthened by 21 paise to close at 94.55 against the US dollar.

Commenting on the movement, Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan, said the rupee gained strength due to falling commodity prices and a softer US dollar. He noted that weaker crude oil prices and positive domestic equity markets also supported the local currency.

Choudhary said the rupee may trade with a negative bias in the near term amid overall strength in the US dollar driven by the US Federal Reserve’s hawkish stance. However, easing commodity prices and moderating inflation concerns could provide support to the rupee at lower levels. He expects the currency to trade within a range of 94.20 to 94.80.

Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.04 per cent at 101.57. Brent crude, the global oil benchmark, declined 1.33 per cent to USD 72.76 per barrel in futures trading.

In the domestic equity market, the Sensex rose 109.25 points to close at 77,100.47, while the Nifty advanced 34.35 points to settle at 24,056. However, foreign institutional investors remained net sellers, offloading equities worth Rs 1,843.40 crore on Wednesday, according to exchange data.

(Disclaimer: Except for the headline, this article has not been edited by HDFC Sky editorial team and is auto-generated from PTI feed.)