archiveRupee Dollar exchange Rate

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...

Rupee fell sharply by 84 paise to close at 85.61 (provisional) against the US dollar on Thursday, as escalating geopolitical tensions between India and Pakistan triggered risk aversion among investors. Forex traders said the domestic currency came under pressure after Pakistan attempted to target several Indian military sites using drones and missiles—a move thwarted by India's defence systems. The geopolitical stress, coupled with a stronger US dollar and rising crude oil prices, further weighed on sentiment. The rupee opened at 84.61 at the interbank foreign exchange and swung between a...