archiveINR exchange rate

Rupee pared its initial gains and ended the day lower by 7 paise at 85.40 against the US dollar on Friday, due to heightened geopolitical tensions and a negative trend in domestic markets. Forex traders attributed the rupee's decline to escalating geopolitical tensions, particularly following a terrorist attack in Pahalgam, Jammu & Kashmir, which weighed on market sentiment. Additionally, a muted trend ia stronger US dollar inden domestic equities and x further dampened investor confidence. At the interbank foreign exchange market, the rupee opened at 85.17 and fluctuated between an...

Rupee made a strong comeback in early trade on Friday, rising by 51 paise to 86.17 against the US dollar. This sharp gain was fueled by a positive opening in domestic equity markets, a weaker greenback, and a drop in global oil prices. The rally in the local currency follows US President Donald Trump’s decision to suspend the additional 26 per cent tariffs on Indian goods until July 9, easing trade tensions between the two nations. At the interbank foreign exchange market, the rupee opened at 86.22 against the dollar—46 paise...