Rupee gains 25 paise to settle at 85.13 against U.S. dollar

Rupee strengthens against the dollar, supported by foreign fund inflows, lower crude oil prices, and positive market sentiment.

The rupee sustained its rally for the fifth straight session and settled with gains of 25 paise at 85.13 (provisional) against the U.S. dollar on Monday (April 21, 2025), boosted by a sharp fall in the dollar index and a surge in the domestic equities.

The dollar index has breached the 99 mark and is trading at its lowest level in three years. Moreover, fresh foreign fund inflows and decline in crude oil prices also favoured the rupee, forex traders said.

At the interbank foreign exchange, the domestic unit opened at 85.15 and moved between the intraday high of 85.03 and the low of 85.19 against the greenback. The unit ended the session at 85.13 (provisional), registering a gain of 25 paise over its previous closing level.

On Thursday, the rupee closed 26 paise higher at 85.38 against the U.S. dollar.

The Forex market was closed on Friday on account of Good Friday.

In the five trading sessions, the Indian currency has added 155 paise since its April 9 closing mark of 86.68 against the greenback.

"We expect the rupee to trade with a positive bias on weak US Dollar and easing trade tariff worries. Improved global risk appetite and fresh foreign inflows may also support the rupee. However, importer buying of dollars may cap sharp gains. USD/INR spot price is expected to trade in a range of 84.80 to 85.35," Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan, said.