Fri Jul 04 11:07:48 UTC 2025: Here’s a summarized version of the text, followed by a news article rewrite:

**Summary:**

On July 4, 2025, the Indian rupee strengthened against the U.S. dollar, closing at 85.39. This gain was driven by a weaker dollar, lower crude oil prices, and renewed optimism for U.S. trade deals in Asia, particularly after President Trump announced an agreement with Vietnam. The Indian stock market also saw gains, with the Sensex and Nifty both rising. However, foreign institutional investors were net sellers of Indian equities. The Indian services sector showed strong growth in June, reaching a ten-month high.

**News Article:**

**Rupee Climbs on Trade Deal Hopes, Strong Services Sector**

**Mumbai, July 4, 2025** – The Indian rupee surged against the U.S. dollar today, closing at 85.39, a gain of 16 paise. The rise was fueled by a weakened dollar, a dip in crude oil prices, and renewed optimism surrounding potential trade agreements between the U.S. and Asian nations. The positive sentiment followed U.S. President Donald Trump’s announcement of a trade deal with Vietnam.

“Asian currencies, including the rupee, gained ground on renewed hopes of trade deals with the U.S,” a forex trader said.

Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, predicts continued gains for the rupee, contingent on trade tariff uncertainties.

The domestic equity market mirrored the positive trend, with the Sensex climbing 193.42 points (0.23%) to close at 83,432.89, and the Nifty rising 55.70 points (0.22%) to 25,461.00. Despite the market gains, foreign institutional investors offloaded equities worth ₹1,481.19 crore on a net basis yesterday.

Adding to the positive economic outlook, the HSBC India Services PMI Business Activity Index reached a ten-month high of 60.4 in June. This growth was driven by strong international sales, job creation, and increasing demand.

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