Rupee Slips Slightly Against Dollar, Opens at 85.5825

The Indian Rupee opened marginally weaker on July 1, 2025, at ₹85.5825 per US dollar, down 0.1% from its previous close of ₹85.52. The dip reflects cautious sentiment in the currency markets amid global dollar strength and month-start liquidity adjustments.

 

According to Trading Economics, the rupee’s movement aligns with a broader trend of mild depreciation seen over the past month, with the currency weakening 0.23% month-on-month and 2.5% year-on-year. The exchange rate briefly touched ₹85.5710 intraday, indicating limited volatility despite global uncertainties.

 

Key Highlights:

 

The rupee’s decline is modest and within expected trading bands.

Market participants are watching for cues from upcoming US Fed commentary and oil price trends, both of which influence dollar demand.

RBI’s liquidity operations and forex interventions remain key stabilizing tools, especially as India’s Balance of Payments outlook tightens.

The rupee continues to be one of the more stable Asian currencies, despite recent pressure.

 

With the RBI closely monitoring the forex market and global macro signals in flux, traders expect the rupee to hover in the 85.50–86.00 range in the near term.

 

Source: Trading Economics, Reuters, Bloomberg