archiveIndian rupee gains

The rupee opened 31 paise stronger at Rs 85.05 against the US dollar in early trade on Wednesday, buoyed by firm domestic equities and a further easing in retail inflation. At the interbank foreign‑exchange market, the local unit briefly touched Rs 85.23 before paring some gains. It had closed flat at Rs 85.36 on Tuesday after surrendering early strength. Currency traders warned that a sharp rise in global crude prices could soon cap the rupee’s advance. Brent crude has hovered near USD 66 a barrel in recent sessions, a level...

The Indian rupee witnessed sharp gains on Friday at below 85 against dollar, as the dollar index and oil prices dropped sharply amid concerns over recession in the US economy after the reciprocal tariffs were announced.It is for the first time since December 2024 when rupee traded below 85 against dollar. At the beginning of the trading session, the rupee opened at 85.04 and in the early trade, it stood at 84.99, almost 40 paise up from the previous close of 85.44. The reason for the rise in rupee against...