Rupee declines 21 paise to 85.63 against US dollar with Sensex down 872 points

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Rupee declines 21 paise to 85.63 against US dollar with Sensex down 872 points

NOOR MOHMMED

23/May/2025

The Indian rupee closed at 85.63 against the US dollar, slipping 21 paise amid weak domestic market sentiment and higher US treasury yields.
The 30-share BSE Sensex fell sharply by 872.98 points or 1.06%, closing at 81,186.44 on May 20, 2025.
The Nifty 50 index also declined 261.55 points or 1.05%, settling at 24,683.90 driven by market concerns over global and domestic factors.

On May 20, 2025, the Indian rupee depreciated by 21 paise, closing at 85.63 against the US dollar (provisional). This fall came amid weak domestic market conditions and a rebound in US treasury yields, which typically attract global investors to the safer US debt, increasing demand for dollars and putting pressure on emerging market currencies like the rupee.

The stock markets also mirrored the bearish sentiment. The BSE Sensex, a benchmark index tracking 30 major companies, declined sharply by 872.98 points, or 1.06%, ending the day at 81,186.44. This marked a significant correction influenced by global market volatility and concerns over economic data.

Similarly, the broader Nifty 50 index fell by 261.55 points, or 1.05%, closing at 24,683.90. The decline reflected widespread selling pressure across sectors, especially in index-heavyweight stocks.

The depreciation of the rupee and the fall in equity markets are linked to a combination of domestic and global factors, including the rebound in US treasury yields that has made the US dollar more attractive, leading to outflows from emerging markets. This dynamic often causes pressure on the rupee and equity markets.

Investors are advised to monitor global economic indicators, US Federal Reserve policy updates, and domestic economic data, as these will influence the currency and market trends in the near term.

The Upcoming IPOs in this week and coming weeks are Neptune Petrochemicals, Aegis Vopak Terminals, Schloss Bangalore, Astonea Labs, Nikita Papers, Prostarm Info Systems, Victory Electric Vehicles International, Blue Water Logistics, Wagons Learning.

The Current active IPO are Unified Data - Tech Solutions, Dar Credit and Capital, Belrise Industries.

The Closed IPOs are Borana Weaves.

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Rupee declines 21 paise to 85.63 against US dollar with Sensex down 872 points

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