By Admin 
Dollar vs rupee: The Indian rupee fell 22 paise to 85.98 on Wednesday, 16 July 2025, on the third trading day of the week amid the rise in the price of crude oil and a decline in import-export. Forex traders say that Foreign Capital Flow, however, has stopped local currency from a huge decline.
Fall in rupee
The rupee opened at 86.02 compared to the dollar in the Interbank Foreign Exchange Market and then again to 85.98 per dollar, which shows a fall of 22 paise in the previous closed price. A day earlier, the rupee closed at 85.76 compared to the dollar on Tuesday with a gain of 16 paise due to the fall in crude oil prices globally, with the dollar weakening in the foreign market.
Anil Kumar Bhansali, Head of Treasury and Executive of Finrex Treasury Advisors LLP, says that the rupee has seen a decline between the strength of the dollar index and the weakness of Asian currencies. He further says that even though India’s trade deficit has been less than expected, it is also an indication that the economy has slowed down due to the low import and export.
stock market crash
Meanwhile, the dollar index, depicting the US dollar position against six major currencies, fell 0.01 percent to 98.60. On the other hand, if we talk about the stock market, the 30 -point Sensex on BSE in the domestic stock market fell to 82,467.75 with 103.16 points in early trade.
The Nifty 50 on NSE also slipped 56.75 points to 25,139.05 points. International Standard Brent crude gained 0.22 percent to $ 68.86 per barrel. According to data from the stock market, foreign institutional investors (FIIs) were pure buyers on Tuesday. He purely bought shares worth Rs 120.47 crore.
Also read: Gold prices fall heavy, silver is also cheaper, know today on 16 July 2025 your city price