Last Updated on: 26/08/2025
TODAY Tuesday,26th August, 2025
USD/INR:
The Indian rupee looks set to stay under pressure on Tuesday, with looming U.S. tariff hikes casting a shadow over sentiment.
The dollar's decline after President Donald Trump’s latest attack on the Federal Reserve will offer little reprieve for the currency, traders said.The 1-month non-deliverable forward indicated the rupee will open in the 87.64 to 87.68 range versus the U.S. dollar, compared with 87.58 in the previous session.
MAJOR WORLD CURRENCIES:
USD:
Asian currencies and the U.S. dollar were largely subdued on Tuesday amid escalating concerns over the Federal Reserve’s independence following President Donald Trump’s unprecedented firing of Governor Lisa Cook.
The US Dollar Index, which measures the greenback against a basket of major currencies, fell 0.1% in Asia hours after trimming some of the losses earlier in the session.
US Dollar Index Futures also traded 0.1% lower as of 04:02 GMT.
President Trump announced Cook’s immediate removal in a social media post late Monday, citing allegations that she falsely declared two properties as primary residences in 2021 to secure favorable mortgage terms.
The Federal Housing Finance Agency (FHFA), led by Trump ally Bill Pulte, referred the matter to the Justice Department, initiating a criminal investigation.
Cook, appointed by former President Joe Biden in 2022, denied the allegations and challenged the legality of her dismissal, asserting that such a move undermines the Fed’s constitutionally protected independence, according to a Washington Post report.
This development has injected uncertainty into global financial markets, with investors questioning the potential politicization of U.S. monetary policy. The U.S. dollar remained subdued, reflecting concerns over the Fed’s future policy direction and credibility.
GBP/USD:
The GBP/USD pair edges lower to near 1.3450 during the early European session on Tuesday. The potential downside for the major pair might be limited after US President Donald Trump announced he was firing a Federal Reserve (Fed) Governor, Lisa Cook. This, in turn, might raise concerns over the Fed’s independence and undermine the US Dollar (USD) in the near term.
Technically, the constructive outlook of GBP/USD remains in place as the major pair is well-supported above the key 100-day Exponential Moving Average (EMA) on the daily chart. Nonetheless, further consolidation cannot be ruled out, with the 14-day Relative Strength Index (RSI) hovering around the midline. This displays the neutral momentum in the near term.
The first upside barrier emerges at 1.3585, the high of August 13. A decisive break above this level could pick up more momentum and aim for 1.3635, the upper boundary of the Bollinger Band. Further north, the next resistance level is seen at 1.3752, the high of July 2.
EUR/USD:
EUR/USD holds gains after registering more than three-quarters of a percent in the previous session, trading around 1.1630 during the Asian hours on Tuesday. The pair holds ground as the US Dollar (USD) faces challenges amid concerns over Federal Reserve (Fed) independence after the US President Donald Trump threatened to remove Fed Governor Lisa Cook.
President Trump posted a letter on social media early Tuesday, saying that he was removing Fed Governor Cook from her position on the Fed's board of directors. However, Cook said that she will not resign as there is no cause exists for her to be fired. I will continue to carry out duties, she added.
President Trump also warned that he may impose a 200% tariff on Chinese goods if China refuses to supply magnets to the United States (US), per Reuters. Moreover, a Bloomberg report says that Trump threatened "subsequent additional tariffs" and export restrictions on advanced technology and semiconductors in retaliation for digital services taxes that hit American technology companies.
Gold: The Gold price (XAU/USD) rises to a two-week high near $3,385 during the early European trading hours on Tuesday. The precious metal edges higher amid concerns about the US Federal Reserve’s (Fed) independence after the report that US President Donald Trump says he is removing Fed Governor Lisa Cook. Additionally, signs that the US central bank will resume cutting interest rates provide some support to the yellow metal, as lower interest rates could reduce the opportunity cost of holding Gold.
Looking ahead, the US Conference Board’s Consumer Confidence, Durable Goods Orders and the Richmond Fed Manufacturing Index reports are due later on Tuesday. Later this week, the key US economic data will be released, including Gross Domestic Product (GDP) for the second quarter and Personal Consumption Expenditures (PCE) Price Index data for July. If the report shows stronger-than-expected growth or any signs of hotter inflation, this might boost the Greenback and weigh on the USD-denominated commodity price
USD/INR as on 25th August , 2025
Currency
OPEN
HIGH
LOW
CLOSE
USD/INR
87.395
87.615
87.35
87.575
Forward premium (%) as on 25th August , 2025
Periods
1 Month
3 Month
6 Month
12 Month
Premium
1.53/1.79
1.85/1.94
1.96/2.01
2.20/2.23
USD/INR Cash/Tom/Spot Levels: (in Paisa)
(Updated as on 25th August , 2025 @ 09.00am)
Cash/Tom: 0.20/0.90 Cash/Spot:0.25/1.45
Tom/Spot: 0.05/0.55 Spot/Next: 1.50/3.50
Cash Date: 26.08.2025
Tom Date: 28.08.2025
Spot Date: 29.08.2025
Outlook for the day 26th August: Rupee expected to trade in range of 87.65 to 87.85
MAJOR WORLD CURRENCIES: as on (22nd August, 2025)
CURRENCY
GBP
1.3517
1.3527
1.3442
1.3454
EUR
1.1715
1.1727
1.1601
1.1618
AUD
0.6493
0.6504
0.6469
0.6480
JPY
146.80
147.93
146.69
147.77
CHF
0.7997
0.8071
0.8058
XAU
3376.20
3359.364
3366.2451
Foreign Currencies
Updated: 17:30 hrs. (12:00 GMT) on 25th August 2025
USD/INR: 87.5850 [FXIR]
Against
USD
INR
1 GBP =
1.3491
118.1609
1 EUR =
1.1688
102.3693
100 JPY =
147.44
59.4038
1 CHF =
0.8028
109.0994
1 AUD =
0.6490
56.8427
Precious Metals
Updated: 17:30 hrs. (12:00 GMT) as on 25th August 2025
Gold ($/oz)
3334.25
Silver ($/oz)
38.0050
Stock Indices
Index Close
22nd Aug
25th Aug
BSE Sensex
81306.85
81635.91
NSE Nifty
24870.10
24967.75
Dow Jones
45631.74
45282.47
NASDAQ
21496.54
21449.29
Major Economic Data Releases for the Day 26.08.2025
Date
Time (IST)
Region
Description
26.08.2025
06.00 pm
Core Durable Goods Orders m/m
Durable Goods Orders m/m
07.30 pm
CB Consumer Confidence
Richmond Manufacturing Index
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