The Indian rupee experienced notable fluctuations against the US dollar from June 25 to July 3, 2025. Initially, the rupee opened at 86.01 per dollar on June 25 and closed slightly weaker at 86.08. Over the following days, the rupee strengthened steadily, supported by a softer US dollar, easing tensions in West Asia, and weak US economic data. By June 26, the rupee had advanced to close at 85.71, gaining 38 paise from the previous close. The rally continued through June 27, with the rupee closing at 85.48 amid ongoing dollar weakness. On June 30 and July 1, the rupee saw minor fluctuations but generally maintained gains, closing at 85.52 on July 1. However, on July 2, the rupee depreciated slightly to close around 85.68-85.70, influenced by weak domestic equity markets and rising crude oil prices. On July 3, optimism over a potential India-US trade deal and weak US jobs data bolstered the rupee, which closed significantly stronger at 85.31, marking a 31 paise gain on the day. Throughout this period, the rupee's movements were closely tied to external factors including US economic indicators, geopolitical tensions, and trade negotiations between India and the United States.