The Indian rupee opened stronger against the US dollar at 87.50 per dollar on August 11, 2025, improving from the previous close of 87.66. This initial gain was supported by a softer US dollar and a decline in oil prices. However, concerns over ongoing US tariffs and inflation data tempered market sentiment. Despite the early gains, the rupee ultimately gave up its advance and closed flat at 87.66 per dollar as importer demand for US dollars offset the initial strength. Indian equity benchmarks were also expected to open higher amid these mixed factors influencing the currency and market.