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Market Snapshot: Rupee Holds Ground, Nifty Slips Amid Global Cues

Updated: July 10, 2025 16:10

Image Source: Zee Business
India’s financial markets closed with mixed signals on July 10, 2025, as the rupee remained largely stable while equity benchmarks faced downward pressure.
 
Currency Movement
  • The Indian rupee ended at 85.6350 per US dollar, nearly unchanged from its previous close of 85.6725.
  • Traders cited subdued dollar demand and balanced foreign inflows as reasons for the flat movement.
  • Forecasts suggest the rupee may hover between 85.50 and 86.00 in the near term, barring major global disruptions.
Equity Performance
  • The Nifty 50 index provisionally declined by 0.50 percent, reflecting cautious investor sentiment.
  • Sectoral laggards included IT and banking stocks, while FMCG showed resilience.
  • Analysts attribute the dip to profit booking and global riskoff cues ahead of US inflation data.
Outlook
With the rupee showing resilience and equities reacting to global triggers, market participants are expected to tread cautiously in the coming sessions.
 
Sources: Reuters, Moneycontrol, Economic Times, Livemint, Bloomberg, Investing.com, Business Standard

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