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MARKET NEWS

Euro-fuelled dollar surge adds to headwinds facing rupee - REUTERS

JULY 29, 2025

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MUMBAI, July 29 (Reuters) - The Indian rupee is likely to open weaker on Tuesday, weighed down by a jump in the dollar index following a steep decline in the euro, as investors digested the implications of the recent US-EU trade deal.
An uptick in oil prices, coupled with persistent foreign portfolio outflows, also poses challenges for the rupee, which has already declined about 1% so far this month.


The 1-month non-deliverable forward indicated the rupee will open in the 86.75-86.77 range versus the U.S. dollar, compared with 86.6650 in the previous session.
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MARKET NEWS

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