Rupee rises 35 paise to settle at 85.10 against U.S. dollar

On May 26, 2025, the rupee jumped 35 money to shut down at 85.10 (provisional) against the US dollar. File | Photo Credit: Reuters

For the second straight session, the rupee shut down 35 money at 85.10 (provisional) against the US dollar on Monday (May 26, 2025), provoking a positive trend in domestic equity markets and a positive trend in a weak American currency abroad.

According to foreign exchange traders, the announcement of giving a record dividend of 2.69 lakh crore to the government for Finance 2015, foreign funds and the income of the Reserve Bank of India (RBI) enhances strength in local currency, even a slight recovery in crude oil prices reduced its profit.

In the Interbank Forex market, the rupee opened at 85.02 and went between 84.78’s Intra-Day high and the lowest level of 85.18 against the US dollar. The unit finished the session against Greenback at 85.10 (provisional), recording 35 money benefits in its previous bandh.

On Friday (May 23, 2025), the rupee appreciated 50 money at 85.45 against the US dollar.

Market participants are waiting for further signals since industrial and manufacturing production data for April and Q1 GDP development numbers are going to be released this week.

Mirae Asset Challekhan’s rear analyst Anuj Choudhary said the rupee received positive domestic markets and weak US dollar index. Mr. Chaudhary said, “Better global risk emotions and positive global markets can also support the rupee,” “UsD-InR Spot Price. It is expected to trade within the range of 84.70 to ₹ 85.40.” Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, was trading less than 0.07% at 98.94.

Global Oil Benchmark Brent crude, futures trading 0.17% to $ 64.89 per barrel.

In the domestic equity market, the 30-cheer BSE Sensx climbed 455.37 points or 0.56%, closed at 82,176.45, while the Nifty increased by 148.00 points, or 0.60%, to 25,001.15.

According to exchange data, foreign institutional investors (FII) bought a price of 1,794.59 crore on a pure basis on Friday (May 23, 2025).

RBI’s latest weekly data released on Friday (May 23, 2025) showed that India’s foreign exchange reserves increased to $ 485.729 billion at a distance of $ 4.888 billion for the week ended on 16 May.