The Rupee had closed on April 15, 2025 with a gain of 30 paise at 85.80 against the dollar. File
| Photo Credit: The Hindu
The Rupee sustained its rally for the third straight session and settled with a gain of 12 paise at 85.68 (provisional) against the U.S. dollar on Wednesday (April 16, 2025), boosted by the renewed inflow of foreign funds and a weak American currency.
“Positive domestic macroeconomic numbers amid the 90-day pause on U.S. reciprocal tariffs triggered a buying rush in equities, strengthening the local currency,” according to forex traders. “Also, lower crude prices in international markets supported the domestic unit,” they added.
At the interbank foreign exchange, the domestic unit opened at 85.66 and moved between the intraday high of 85.50 and the low of 85.72 against the greenback. The unit ended the session at 85.68 (provisional), registering a gain of 12 paise over its previous closing level.
The Rupee had closed on Tuesday’s session (April 15, 2025) with a gain of 30 paise at 85.80 against the dollar. It had risen sharply by 58 paise in the preceding session on Friday (April 11, 2025.)
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.57% at 99.39, a level seen in March 2022. Brent crude, the global oil benchmark, rose 0.88% but remained at its April 2021 level at $65.24 per barrel in futures trade.
In the domestic equity market, the 30-share BSE Sensex climbed 309.40 points or 0.40% to settle at 77,044.29, while the Nifty rose 108.65 points or 0.47% to 23,437.20. Both the indices ended the preceding session more than 2% higher.
Foreign institutional investors (FIIs) bought equities worth ₹6,065.78 crore on a net basis on Tuesday (April 15, 2025), according to exchange data.
Published – April 16, 2025 04:23 pm IST
