Rupee Hits 5-Month Low at 86.78, Down 23 Paise as Dollar Strengthens and Oil Prices Fluctuate

Mumbai, June 23, 2025: The Indian rupee fell by 23 paise on Monday, closing at 86.78 versus the US dollar. This was its lowest level since January 13, when it finished at 86.70. The currency was under pressure since the US dollar went up and the price of crude oil became more volatile after the US attacked Iran’s nuclear facilities.

The rupee started at 86.75 at the interbank foreign exchange and moved between 86.67 and 86.85 before settling at 86.78. On Friday, it closed at 86.55.

There was a strong sell-off in domestic stocks, which added to the negative pressure. The BSE Sensex fell 511.38 points to close at 81,896.79, and the NSE Nifty fell 140.50 points to conclude at 24,971.90.

The US dollar index, on the other hand, went up 0.60% to 99.29, which shows that it gained versus a wide range of international currencies. Brent crude also rose 0.08% to $77.07 a barrel in futures trading, which made people even less hopeful.

Even though the rupee was weak, some support came from foreign institutional investors (FIIs). According to market statistics, FIIs bought ₹7,940.70 crore worth of stocks on Friday.

The Reserve Bank of India said that India’s foreign exchange reserves went up by USD 2.294 billion to USD 698.95 billion for the week ending June 13. This is a good sign.

Analysts think that the rupee will continue to be affected by changes in global crude oil prices and the US dollar’s value in the foreseeable future.

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