Dollar vs Rupees: The rupee today fell 10 paise to close at 85.48 against the US dollar. However, positive domestic equity markets and inflow of foreign funds limited the decline in the rupee.
Dollar vs Rupees: The rupee on Thursday fell 10 paise to close at 85.48 against the US dollar due to strengthening of the US dollar against the world’s six major currencies and rising crude oil prices worldwide. However, positive domestic equity market and inflow of foreign funds limited the fall in the rupee.
Rupee came at intra-day low level of 85.62
The rupee opened at 85.56 per dollar in the interbank foreign exchange market. After that, it weakened against the dollar and touched an intra-day low of 85.62. At the end of trading, the rupee touched the day’s high of 85.40, but by the end the rupee closed at 85.48 against the dollar, which is 10 paise less than the previous close price. In Wednesday’s session, the rupee closed two paise higher at 85.38 against the dollar. Anuj Chaudhary, Research Analyst at Mirae Asset Sharekhan, says that the rise in the US dollar index and crude oil prices have put pressure on the rupee.
He said, “The demand for dollar at the end of the month and the withdrawal of foreign investors can also put pressure on the rupee. The spot price of dollar-rupee can trade in the range of Rs 85.15 to Rs 85.80.” Meanwhile, the dollar index, which measures the strength of the dollar against six currencies, was trading 0.11 percent higher at 99.89.
This is the reason for the rise in the dollar index
Experts say that the US dollar index has risen after the US federal court banned President Donald Trump’s reciprocal tariff, raising hopes of reducing global trade uncertainties.
Oil prices increased so much
Global oil benchmark Brent crude futures rose 1.25 percent to $ 65.71 per barrel. In the domestic stock market, the 30-share BSE Sensex closed at 81,633.02 with a jump of 320.70 points or 0.39 percent, while the Nifty closed at 24,833.60 with a gain of 81.15 points or 0.33 percent.
According to exchange data, foreign investors (FIIs) bought shares worth Rs 4,662.92 crore on Wednesday. The Reserve Bank said in its annual report on Thursday that India will remain the world’s fastest growing major economy even in the financial year 2026.
According to official data released on Wednesday, India’s industrial production growth has slowed to 2.7 percent in April 2025 due to poor performance of manufacturing, mining and power sectors.