Rising for the sixth straight session, the rupee appreciated 36 paise to close at 86 (provisional) against the U.S. dollar on Friday (March 21, 2025) on a pointy rise within the home fairness markets and recent international capital inflows.
At the interbank international trade, the rupee opened at 86.26, then touched an intraday excessive of 85.93 and a low of 86.30 against the buck. The unit ended the session at 86 (provisional) against the dollar, registering a achieve of 36 paise from its earlier closing degree.
On Thursday (March 20, 2025), the rupee stayed virtually flat and appreciated simply 1 paisa to close at 86.36 against the U.S. dollar.
This is the sixth straight session of achieve for the rupee, throughout which it has added 123 paise.
“We expect the rupee to trade higher on strength in the domestic equities and fresh FII inflows. However, positive crude oil prices may cap sharp gains. USD-INR spot price is expected to trade in a range of 85.80 to 86.25,” mentioned Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan.
Meanwhile, the dollar index, which gauges the buck’s energy against a basket of six currencies, was buying and selling 0.19% greater at 104.04.
Brent crude, the worldwide oil benchmark, fell 0.29% to $71.79 per barrel in futures commerce.
In the home fairness market, the 30-share BSE Sensex surged 557.45 factors, or 0.73%, to settle at 76,905.51, whereas the Nifty superior 159.75 factors, or 0.69%, to close at 23,350.40 factors.
Foreign institutional buyers (FIIs) bought equities price ₹3,239.14 crore on a internet foundation on Thursday (March 20, 2025), in accordance to trade information.
Published – March 21, 2025 05:15 pm IST
