Rupee rises 33 paise to 85.05 against U.S. dollar in early trade

Rupee strengthens to 85.05 against the dollar, boosted by domestic equities and foreign fund inflows.

Rupee appreciated 33 paise to 85.05 against the U.S. dollar in early trade on Monday (April 21, 2025), as the dollar index fell to its lowest in three years due to anxiety over Trump tariffs.

Forex traders said a positive trend in domestic equities and foreign fund inflows boosted investors' sentiments.

Traders said the Indian rupee has gained significant ground over the last few trading sessions on encouraging domestic indicators and changing global tides that have kept the rupee steady, even as uncertainty swirls around major world economies.

At the interbank foreign exchange, the domestic unit opened at 85.15 then rose to 85.05 against the greenback in early deals, registering a gain of 33 paise over its previous closing level.

On Thursday (April 17, 2025), the rupee closed 26 paise higher at 85.38 against the U.S. dollar.

The Forex market was closed on Friday (April 18, 2025) on account of Good Friday.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.92% at 98.31.