Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Rupee rises 17 paise to 85.56 against US dollar in early trade.


Date: 10-07-2025
Subject: Rupee rises 17 paise to 85.56 against US dollar in early trade
The rupee appreciated 17 paise to 85.56 against US dollar in early trade on Thursday, as the US-India trade talks made modest progress, with tariff deadline extensions on select Indian exports offering short-term relief.

Forex traders said rupee traded in a volatile but narrow range as market participants stayed on the sidelines, waiting for clarity on the US-India interim trade deal.

At the interbank foreign exchange, the rupee opened at 85.62 against the dollar, then touched an early high of 85.56, up 17 paise from its previous close.

On Wednesday, the rupee closed flat at 85.73 against the US dollar on Wednesday.

"On the positive side, US-India trade talks made modest progress, with tariff deadline extensions on select Indian exports offering short-term relief. This supports the rupee as India was excluded from the US tariff hike letters," CR Forex Advisors MD Amit Pabari said.

The US has issued tariff letters to about 20 countries so far. But India, which is negotiating a trade pact with the US, has not figured in the list of countries that have been issued tariff letters by the Trump administration.

On April 2, the US imposed an additional 26 per cent reciprocal tariff on Indian goods but suspended it for 90 days till July 9. Now it has been deferred to August 1.

However, the 10 per cent baseline tariff imposed by America remains in place.

The US is India's largest trading partner from 2021-22. During 2024-25, the bilateral trade in goods stood at USD 131.84 billion (USD 86.51 billion worth of exports, USD 45.33 billion of imports and USD 41.18 billion trade surplus).

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.19 per cent to 97.37.

Brent crude, the global oil benchmark, fell 0.03 per cent to USD 70.17 per barrel in futures trade.

"Brent crude prices rose to USD 70 barrel. For a net oil importer like India, this poses a short-term threat to the trade balance as rising crude typically means higher import bills and a heavier current account, putting additional pressure on rupee," Pabari added.

Meanwhile, in the domestic equity market, the Sensex declined 113.57 points or 0.14 per cent to 83,422.51, while Nifty fell 37.00 points or 0.15 per cent to 25,439.10.

Foreign institutional investors (FIIs) purchased equities worth Rs 77 crore on a net basis on Wednesday, according to exchange data. PTI


Source Name : Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 19-07-2025
Notification No. 34/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to omit serial number 10A.

Date: 18-07-2025
Notification No. 33/2025-Customs
Seeks to amend notification No. 146/94-Customs, dated the 13th July, 1994 to provide exemption on import of Horses for Polo (HS 0101 29 10) under specified condition.

Date: 16-07-2025
Notification No. 47/2025-Customs (N.T.)
Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s. Ammega Belting India Pvt. Ltd. -reg

Date: 15-07-2025
Notification No. 46/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 44/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 30-06-2025
Notification No. 32/2025-Customs
Seeks to amend Notification No.130/2010- Customs dated 23.12.2010 to extend the exemption benefits to Air Canada.

Date: 13-06-2025
Notification No. 43/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 11-06-2025
Notification No. 42/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001