29-07-2025 12:00:00 AM
The rupee pared initial gains and settled for the day 18 paise lower at 86.70 against the US dollar on Monday, as month-end dollar demand from importers continued to keep the American unit well bid. Forex traders said investors traded cautiously awaiting the outcome of India-US trade talks ahead of the August 1 deadline. Moreover, a negative trend in the domestic equity markets dented investors' sentiments further.