Rupee Opens Flat Against the US Dollar On Tuesday Amid US-China Trade Talks Uncertainty

Mumbai, June 10, 2025: The Indian rupee opened flat on Tuesday at ₹85.62 against the US dollar, compared to its previous close of 85.63 on Monday. The negligible movement of the rupee today against its previous close reflects limited volatility amid uncertainty revolving around the US-China trade talks.

Rupee Range and Market View

The domestic currency is expected to trade within a range of ₹85.45 to 85.95 during the day, as per prevailing market data. This indicates that the rupee is expected to exhibit limited volatility and remain relatively stable against the US dollar today.

International Currency Snapshot

Major global currencies showed mixed performance:

• The US dollar index remained steady at 99.18
• The euro was at 1.1399
• The British pound stood at 1.3537
• The Japanese yen weakened to 144.95

In Asia:

• The Chinese yuan appreciated to 7.1846
• The Indonesian rupiah was at 16,282
• The South Korean won traded at 1,359.

The Context For Rupee’s Limited Volatility

The rupee remains mostly steady as markets await clarity from the ongoing US-China trade talks. With no major local developments and a stable US dollar, there is little pressure on the currency. As a result, the rupee is expected to stay within a narrow range today. Participants are closely watching for updates that may impact cross-border flows and foreign exchange dynamics.

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