The report also warned that there are risks to the rupee’s stability due to rising geopolitical tensions and possible changes in us tarifs.
It stated, “We Expect INR to Trade in the range of 85.25-86.25/usd in the near-term.
The report highlighted that the rupee has depreciated by 0.6 per cent in June 2025 so far, adding to a 1.3 per cent decline in May 2025. Much of the pressure on the Rupee Came in the Second Wee Jun, Espacek After reports of a conflict between israel and ran.
Before this, The Rupee was trading in a narrow range between 85.39 and 85.63 from June 2 to June 12. 13.
This was the biggest one-day fall for the rupee in a month. Since then, the rupee has stabilized but is still trading Above the 86 per dollar mark.
The report also noted that global currencies gained in June 2025, mainly because the us dollar weakened. The Dollar Index (Dxy) Dropped By 1.3 per cent.
This Happy as Us Economic Data, Such as Inflation and Labor Market Reports, Showed That Price Pressures in the Economy Remain Under Control. The labor market data, however, showed mixed trends.
Due to these facts, investors are expecting the us federal reserve to cut Interest Rates Later this year. The chances of a rate cut in September 2025 have increased to Around 60 per cent, up from about 50 per cent a month.
Despite the global uncertainty, the Indian rupee has remained mostly stable. This is in line with the trend seen in other global currencies, which also when a brief Fall but later recovered.
Going forward, the rupee may face some Volativity due to global headwinds and the approaching end of the us tariff pause.
However, the reserve bank of India’s Strong Foreign Exchange Reserves will help in keeping the rupee’s movement smooth and under control, the report said. (Ani)
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