Rupee settles 26 paise higher at 86.55 against U.S. dollar
The Hindu
Rupee gains against US dollar amid positive equity markets, weak American currency, and volatile forex trading.
The rupee appreciated for the third consecutive session and registered gains of 26 paise to close at 86.55 (provisional) against the U.S. dollar on Tuesday (March, 18, 2025) amid positive domestic equity markets and a weak American currency.
Forex traders said the U.S. dollar declined on disappointing economic data from the US. Moreover, the strength of the Asian currencies also supported the rupee. However, a surge in crude oil prices capped the gains.
At the interbank foreign exchange, the rupee witnessed high volatility. It opened at 86.71 then touched the intraday high of 86.54 and the low of 86.78 against the greenback.
The unit ended the session at 86.55 (provisional) against the dollar, registering a gain of 26 paise from its previous closing level.
On Monday (March 17, 2025), the rupee had appreciated 24 paise to close at 86.81 against the U.S. dollar. On Thursday (March 13, 2025) , the rupee surged 17 paise to settle at 87.05 against the U.S. dollar.
Forex market was closed on Friday (March 14, 202 on the occasion of Holi festival.
This is the third straight session of gain for the rupee, during which it has added 67 paise.
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