Wed May 21 05:29:24 UTC 2025: Here’s a summary of the provided text, followed by a rewrite as a news article:

**Summary:**

On May 21, 2025, the Indian rupee depreciated by 9 paise, closing at 85.67 against the US dollar in early trading. This decline was attributed to rising U.S. Treasury yields, consistent outflows of foreign funds (FIIs offloaded ₹10,016.10 crore), and increasing global crude oil prices. The previous day saw a larger depreciation of 16 paise. Oil companies buying dollars and significant FII selling related to the Airtel Singtel deal further contributed. Globally, the dollar index showed some weakness. Concerns regarding fiscal prudence in the US also played a role. Rising crude oil prices, spurred by geopolitical tensions involving potential Israeli action against Iranian nuclear facilities, added to the pressure. Meanwhile, Indian stock markets (Sensex and Nifty) showed modest gains.

**News Article:**

**Rupee Slides Amid Global Economic Pressures, Geopolitical Concerns**

**Mumbai, May 21, 2025** – The Indian rupee weakened against the U.S. dollar on Wednesday, closing at 85.67, a depreciation of 9 paise from its previous close. The decline is attributed to a confluence of factors, including rising U.S. Treasury yields, persistent foreign fund outflows, and climbing global crude oil prices.

Early trading saw the rupee open at 85.65 but quickly succumb to downward pressure. This follows a steeper fall on Tuesday, where the rupee depreciated by 16 paise.

“The rupee fell yesterday (Tuesday) as oil companies bought dollars to refill strategic reserves amid geo-political turmoil. FPIs were also sellers to the extent of ₹10,000 crore, which could be mainly on account of the Airtel Singtel deal,” stated Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Exchange data confirm that foreign institutional investors (FIIs) sold equities worth ₹10,016.10 crore on a net basis on Tuesday.

While the dollar index showed some weakness, concerns surrounding U.S. fiscal discipline and delayed monetary easing are driving up borrowing costs and impacting the currency market. “Globally, the U.S. 10-year yield has once again climbed the ladder, sustaining near 4.5% levels, reflecting mounting concerns over fiscal indiscipline and delayed monetary easing, which is pushing up borrowing costs,” said Amit Pabari, MD of CR Forex Advisors.

Adding to the volatility, Brent crude oil prices jumped by 1.47% to $66.34 per barrel following reports of potential Israeli military action against Iranian nuclear facilities. “Crude prices rose by more than a dollar after media reports that Israel was preparing to attack Iranian nuclear facilities, raising supply concerns out of the key Middle East producing region and bringing geo-political concerns back into the focus,” explained Mr. Bhansali.

Despite the rupee’s struggles, the Indian stock market showed resilience. The 30-share BSE Sensex advanced by 201.89 points (0.25%) to 81,388.33, while the Nifty rose by 44.15 points (0.18%) to 24,728.05. Investors are closely monitoring global developments and their potential impact on the Indian economy.

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