Rupee gains 10 paise to settle at 85.26 against U.S. dollar
The Hindu
Rupee gains against U.S. dollar on weaker greenback, boosting investor sentiment amid easing trade tensions and positive macroeconomic data.
The rupee pared most of its initial gains and ended the day higher by 10 paise at 85.26 (provisional) against the American currency on Wednesday (May 14, 2025), supported by gains in domestic equities and positive macroeconomic data.
Forex traders said the weakness of the American currency in the overseas market and rising appetite for riskier assets amid easing trade tariff tensions boosted investors’ sentiments.
At the interbank foreign exchange, the domestic unit opened on a positive note and moved between the intra-day high of 85.05 and the low of 85.52 against the greenback. The unit ended the session at 85.26 (provisional), registering a gain of 10 paise over its previous closing level.
On Tuesday (May 13, 2025), the rupee reversed early gains to settle flat at 85.36 against the U.S. dollar.
“Bolstered by a weaker U.S. dollar index, cheaper imported commodities, and a prevailing risk-on mood in the markets, the Indian rupee saw gains against the U.S. dollar on Wednesday (May 14, 2025),” said Dilip Parmar, Senior Research Analyst, HDFC Securities.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.64% lower at 100.35.
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