Overview

• The rupee depreciated by ten paise to 85.49 per US dollar in early Tuesday trade as the dollar strengthened and Brent crude climbed above $64.90 per barrel.
• Foreign institutional investors sold about ₹2,590 crore of equities on Monday, adding downward pressure on the local currency.
• The Reserve Bank of India’s Monetary Policy Committee will begin its bi-monthly deliberations on June 4, with its interest-rate decision due on June 6.
• India’s forex reserves jumped by $6.99 billion last week to $692.72 billion while gross GST collections exceeded ₹2.01 lakh crore in May.
• A 7.4% GDP gain in Q4 of FY25 and meeting the 4.8% fiscal-deficit target highlight India’s sustained economic resilience.