Rupee jumps 74 paise in early trade
The Hindu
Rupee strengthens against US dollar on easing tensions, foreign investor interest, and positive trade agreements, impacting forex market.
The rupee appreciated 74 paise to 84.62 against the US dollar in early trade on Tuesday (May 13, 2025), supported by optimism from easing of tensions between India and Pakistan as well as the US-China trade deal.
Forex traders said continued foreign investor interest in Indian assets lent fundamental support to the local unit.
India and Pakistan on last Saturday (May 10, 2025) announced reaching an understanding to stop all firings and military actions on land, air and sea, with immediate effect.
At the interbank foreign exchange, the domestic unit opened at 84.70 and fell to an early low of 84.74 and a high of 84.62 against the greenback, registering a gain of 74 paise over its previous close.
On Friday, the rupee pared its initial losses and settled for the day higher by 22 paise at 85.36 against the US dollar.
The foreign exchange market was closed on Monday on account of Buddha Purnima.
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