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Rupee drops 9 paise to 85.67 against US dollar

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Dion Global

21 May 2025

The Indian rupee weakened by 9 paise to 85.67 against the US dollar in early Wednesday trade, weighed down by rising US Treasury yields and continued foreign fund outflows, which dampened market sentiment.

According to forex traders, firm global crude oil prices also added pressure on the USD/INR pair.

At the interbank foreign exchange, the rupee opened at 85.65 and slipped to 85.67 against the dollar, marking a 9-paise decline from its previous close.