Rupee falls 2 paise to close at 85.25 against U.S. dollar
The Hindu
Rupee falls against dollar due to geopolitical tensions, but supported by domestic markets; parks closed in Kashmir as precaution.
The rupee consolidated in a narrow range and settled for the day 2 paise lower at 85.25 (provisional) against the U.S. dollar on Tuesday (April 29, 2025), on recovery in the U.S. dollar and geopolitical tensions between India and Pakistan.
However, positive domestic markets and a decline in crude oil prices cushioned the downside for the domestic unit.
Also read | Rupee rises 27 paise to 84.96 against U.S. dollar in early trade
At the interbank foreign exchange, the domestic unit opened at 85.06 and moved between the intra-day high of 84.96 and the low of 85.40 against the greenback. The unit ended the session at 85.25 (provisional), registering a fall of 2 paise over its previous closing level.
On Monday, the rupee appreciated 18 paise to close at 85.23 against the U.S. dollar.
“We expect the rupee to remain under pressure amid uncertainty over trade tariffs and the ongoing geopolitical tensions between India and Pakistan,” said Anuj Choudhary – Research Analyst at Mirae Asset Sharekhan.
Meanwhile, nearly 50 public parks and gardens located in vulnerable areas of Kashmir Valley have been shut as a precautionary measure in the wake of the Pahalgam terror attack, officials said on Tuesday.
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