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Rupee Opens Firmer at 85.61—Liquidity Tightens, Eyes on RBI Moves

Updated: July 10, 2025 10:36

Image Source: Reuters
The Indian rupee opened 0.1% stronger at 85.61 per US dollar on July 10, compared to its previous close of 85.6725, reflecting cautious optimism in currency markets.
 
Key highlights:
  • - The rupee’s early gains were supported by foreign institutional inflows and a softer dollar index
  • - Traders anticipate a narrow trading band of 85.40–85.80, with RBI likely intervening to curb volatility
  • - The currency’s movement is influenced by global factors including US Treasury yields, BRICS tariff threats, and subdued Asian peer performance
  • - Despite recent pressure, India’s strong forex reserves and real yields continue to offer support
  • - Analysts expect the rupee to trade with a modest depreciating bias over the next 12 months, potentially reaching 85.5–86.5 levels
Market participants remain watchful of RBI’s liquidity stance, geopolitical developments, and upcoming US inflation data, which could sway short-term sentiment.
 
Sources: Times of India, Business Standard, Moneycontrol, Economic Times, Investing.com, Reuters

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