Forex traders said that the Indian rupee has staged a reversal against external pressures, which is gaining support in debt markets from strong foreign flows. File | Photo Credit: VV Krishnan
The rupee was a firm and on Thursday (March 20, 2025) appreciated Paisa on 86.36 (provisional) against the US dollar supported by positive domestic equity.
Forex traders said that the Indian rupee has staged a reversal against external pressures, which is gaining support in debt markets from strong foreign flows.
However, the risk remains due to selling foreign institutional investors without stopping, and uncertainty around Trump’s tariff stance can create challenges for the speed of the rupee.
In the Interbank Foreign Exchange, the rupee opened at 86.39, then touched a low of 86.20 and a low of 86.41 against Greenback. The unit finished the session at 86.36 (provisional) against the dollar, registering the benefit of 1 Paisa from its previous closing level.
On Wednesday (March 19, 2025), the rupee appreciated the 19 money at 86.37 against the US dollar.
This is the fifth direct session of profit for the rupee, during which it added 87 money.
Forex traders further stated that Federal Reserve Chairman Jerome Powell has made it clear that the US Central Bank is ready to keep the rates high if inflation remains stubborn and alert stance that the rate is on the horizon, the fed will leave the place for data-deepent-theory.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, was trading 0.46% more at 103.90.
Global oil benchmark Brent crude, futures trading increased by 0.10% to $ 70.85 per barrel.
In the domestic equity market, the 30-cheer BSE Sensx increased by 899.01 points or 1.19%, settling at 76,348.06, while the Nifty closed at 283.05 points, or 1.24%, at 23,190.65 points.
According to exchange data, foreign institutional investors (FII) on Wednesday (March 19, 2025) launched the price of 1,096.50 crores on a net basis.
Meanwhile, the RBI March Bulletin released on Wednesday (March 19, 2025), stated that sound fiscal policies, a well -well calibrated monetary structure, and digital change initiative expect them to provide a strong base for long -term permanent economic development.
It has also been stated that macroeconomic fundamentals remain strong, and economic development has been designed to maintain strong domestic demand, stable investment activity and ongoing policy infrastructure development as well as pick-up in government expenses.
Published – March 20, 2025 05:05 pm IST