The dollar index, which detects the strength of greenback against a basket of six currencies, crashed 1.52%. , Photo Credit: PTI
The rapid improvement in US dollars and a strong rebound in domestic equity markets increased the rupee 61 money against Greenback on Friday (April 11, 2025) on 86.07 (provisional).
The local unit increased a day after US President Donald Trump suspended 26% of tariffs on India by 9 July.
In the interbank foreign currency, the domestic unit opened at 86.22, which was 46 money against the US dollar. During the intra-day trade, it was 85.95 before settling at 86.07 (provisional), which was 61 money against Greenback.
The rupee settled at 86.68 on Wednesday (April 9, 2025).
Equity, foreign currency and commodity markets were closed on Thursday (April 10, 2025) due to Shri Mahavir Jayanti.
Treasury and Executive Director, Finerex Treasury Advisors LLP chief Anil Kumar Bhansali said, “The rupee opened at 86.22, but the dollar was immediately sold as the dollar fell below 100 levels for the first time in three years.”
He said, “The rupee is expected to be in the range of 85.75-86.25 next week on Tuesday after a holiday on Monday,” he said.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, crashed 1.52%.
“With the implementation of 125% tariffs on US exports with China, the trade war continues, but the dollar falling against Asian and European (currencies),” said Mr. Bhansali.
In the domestic equity market, the 30-cheer BSE Sensex rose 1,310.11 points to settle at 75,157.26, while the Nifty rose 429.40 points to 22,828.55.
Brent crude, global oil benchmark, futures increased 0.08% to 0.08% per barrel to $ 63.38.
According to exchange data, foreign institutional investors (FII) on Wednesday (April 9, 2025) launched a price of 4,358.02 crores on a pure basis.
Published – April 11, 2025 05:13 pm IST
