INR on a Slippery Slope—RBI’s June 20 Report Reveals Tight Wires

India's financial markets opened on a cautious note on June 20, 2025, with the Indian rupee weakening by 0.2%, opening at ₹86.76 per U.S. dollar from the previous close of ₹86.5850. The Reserve Bank of India (RBI) also released key data on money market operations, indicating liquidity tensions and banks' borrowing.".

 

1. Rupee Movement & Market Sentiment

2. RBI Liquidity Snapshot (June 20)

3. Implications & Outlook

Combination of a soft rupee and contracted liquidity can encourage the RBI to revisit liquidity operations in the coming days.

 

Market participants are closely awaiting any OMO (Open Market Operation) news or repo rate signals prior to the next policy review.

 

Sources: Reuters, RBI, CNBC TV18