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Rupee depreciates against dollar on Thursday amid dollar demand
Jun-19-2025

Indian rupee depreciated against the U.S. dollar on Thursday weighed down by the strength of the American currency in the overseas markets and rising crude oil prices. Traders were cautious amid escalating trend in the ongoing conflict between Israel and Iran as they continued to attack each other for the seventh consecutive day. Investors overlooked the exchange data showing that Foreign Institutional Investors (FIIs) bought equities worth Rs 890.93 crore on Wednesday. Domestic Institutional Investors (DIIs) also bought equities worth Rs 1,091.34 crore. On the global front, Swiss franc strengthened against other major currencies in the European session on Thursday, despite the Swiss National Bank reduced its policy rate by a quarter-point, citing easing inflationary pressures.

Finally, the rupee ended at 86.73 (Provisional), depreciated by 30 paise from its previous close of 86.43 on Wednesday. The currency touched a high and low of 86.89 and 86.49 respectively.

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