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( As on 17/07/2025 16:24)

Rupee drops 15 paise to close at 86.07 against US Dollar

The rupee weakened by 15 paise to close at 86.07 (provisional) against the US dollar on Thursday, weighed down by a stronger greenback, foreign fund outflows, and fluctuating global crude oil prices.

Forex traders noted that the pressure on the domestic currency was further exacerbated by a sell-off in Indian equity markets and uncertainty surrounding the ongoing India-US trade negotiations.

At the interbank foreign exchange market, the rupee opened at 85.93 and moved between 85.80 and 86.09 during the session, before settling at 86.07, marking a 15-paise decline from its previous close.