-
Algos
-
Stocks
-
Trading
-
Strategies & Arbitrages
-
Mutual Funds
On July 2, 2025, the Indian rupee slipped 0.2%, closing at ₹85.7025 against the U.S. dollar. The dollar strengthened in anticipation of key U.S. economic data, including the non-farm payrolls report due July 3.
Asian peers also felt the pressure: the Malaysian ringgit led declines with a 0.7% drop, while the dollar index rose 0.3%, hovering just below the 97 mark.
Despite the deadline, the rupee’s near-term implied volatility sits just below its three-month average. This suggests traders do not foresee any sharp moves in the coming days, even as trade talks reach their crunch point.
ING analysts warn that markets may take the deadline with a grain of salt. “Global tariff threats often peak before a last-minute reprieve,” they note, implying the chance of another extension remains alive.
A Reuters poll of 41 FX strategists expects the rupee to remain range-bound:
Given these forecasts, the rupee is likely to trade in a tight band, tracking broader Asian currencies and dollar movements.
Key Takeaways:
Stay tuned for updates on currency trends and trade negotiations.
The Indian rupee edged down to 85.7025 against the dollar as traders wait for U.S. data and a July 9 tariff deadline. Despite the risks, near-term volatility metrics remain muted—here’s what it means for markets.
India attracts over $1.2 billion in foreign flows in two weeks, with ETFs like iShares MSCI India ETF dominating. Traditional long-only funds see outflows.
The National Stock Exchange is introducing monthly electricity futures to reduce price volatility in India’s power market.
HDB Financial Services' $1.5 billion IPO becomes the most subscribed billion-dollar Indian offering in four years, with over 15x demand driven by global and domestic investors.
Bank Nifty breaks past the 57,400 mark for the first time in history, fueled by robust banking stock performance and favorable macroeconomic policies.
Dive into detailed technical levels, options data, and Bank Nifty cues to understand if a decisive break above 25,800 could propel markets toward fresh all-time highs.
:quality(60):no_upscale():strip_exif()/https%3A%2F%2Fs3.us-east-1.amazonaws.com%2Fpocket-curatedcorpusapi-prod-images%2F22f8ba65-ad74-459d-875f-abfb29c78620.jpeg)