Rupee rises 19 paise against US dollar in early trade
The Hindu
Rupee strengthens to 85.29 against US dollar on lower crude oil prices and foreign fund inflows.
The rupee strengthened by 19 paise to 85.29 against the US dollar in early trade on Friday (May 30. 2025) on the back of lower crude oil prices and sustained foreign fund inflows.
Forex traders said a firm greenback and volatile stock markets capped the rupee's gain even as market participants stayed cautious ahead of the release of domestic GDP data.
At the interbank foreign exchange, the domestic unit opened at 85.35 and gained further to trade at 85.29 against the greenback in initial deals, registering a rise of 19 paise from its previous close.
The rupee ended 10 paise lower at 85.48 against the dollar on Thursday.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.16 per cent at 99.36.
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