The Indian rupee logo is seen inside the Reserve Bank of India (RBI) headquarters in Mumbai. , Photo Credit: Reuters
The rupee appreciated 18 money by 18.56 against the US dollar on Friday (March 28, 2025), as continuous foreign fund inflow supported the local unit.
Forex dealers said that in the last four days, foreign investors have pumped more than $ 2 billion in Indian equity, while in Indian bonds the arrival of the month has exceeded $ 3 billion.
However, rapid reverse was restricted to the local unit as investors were struggling with the possible economic impact of growing global trade concerns.
In interbank foreign currency, the rupee opened against Greenback at 85.64, then touched 85.56, from its previous bandh to 18 money.
On Thursday (March 27, 2025), the rupee was reduced by 5 money at 85.74 against the US dollar.
According to Anil Kumar Bhansali, head of Treasury, head of Treasury and Executive Director Pharekes Treasury Advisors LLP, the USD/INR pair is expected to trade in the range of 85.60/86 as today will be the last session of the week, month, quarter and year.
He said, “is a host of data to be released on 31 March, which is otherwise a holiday, especially the current quarter current account data. Exporters wait for a better level to sell,” he said.
In addition, global risk sentiment was affected as US President Donald Trump signed an order to implement 25% tariff on auto imports, increasing business tension.
Meanwhile, the US dollar index, which detects the strength of greenback against a basket of six currencies, was trading 0.03% less at 104.30.
Global Oil Benchmark Brent crude was trading 0.08% less at $ 73.97 per barrel in futures trade.
In the domestic equity market, the 30-shire BSE Sensex 165.16 points, or 0.21%, less than 77,441.27 points, while the Nifty was 41.55 points or 0.18%, 41.55 points on 23,550.40 points or 0.18%.
According to exchange data, foreign institutional investors (FII) on Thursday bought equity worth 11,1111.25 crores on a pure basis on Thursday.
Published – March 28, 2025 11:39 AM IST
