archiveusd to inr

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...

Rupee dropped 26 paise to 85.78 against the US dollar on Thursday morning after US President Donald Trump imposed tariffs on nearly 60 countries, including India. The US has introduced a 27 per cent tax on Indian imports, arguing that India charges high duties on American goods.  The tariffs being implemented were conceived as part of Trump's plan to reduce the US trade deficit and to rejuvenate manufacturing at home. Though expected to adversely affect India's exports to US, experts feel that India is in a relatively better position compared...

The Indian rupee gained marginally on Wednesday to end at 85.705 per US dollar, up from the previous close of 85.755, LSEG data showed. Dollar inflows, maturity of positions in the non-deliverable forwards market with a sharp focus on tariff announcement on India by the US kept the rupee in a 20-paisa range during the day, traders said.The currency opened at 85.69 to $1 and weakened up to 85.89 to $1 during the day, before closing slightly stronger, according to LSEG data. The dollar index was largely stable at 104.2.“There...