Rupee jumps 36 paise to close at 86 against U.S. dollar
The Hindu
Rupee gains against dollar for sixth session, closes at 86 on Friday amid equity market surge.
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 sharp rise in the domestic equity markets and fresh foreign capital inflows.
At the interbank foreign exchange, the rupee opened at 86.26, then touched an intraday high of 85.93 and a low of 86.30 against the greenback. The unit ended the session at 86 (provisional) against the dollar, registering a gain of 36 paise from its previous closing level.
On Thursday (March 20, 2025), the rupee stayed almost flat and appreciated just 1 paisa to close at 86.36 against the U.S. dollar.
This is the sixth straight session of gain for the rupee, during 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,” said Anuj Choudhary - Research Analyst at Mirae Asset Sharekhan.
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