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The Indian rupee leaped higher on Monday, with persistent dollar sales from foreign banks helping the local unit claw back all of its losses in 2025 so far. The rupee rose to a peak of 85.50 during the session, strengthening past levels last seen at the end of 2024. The currency closed at 85.6350 against the U.S. dollar, up 0.4% on the day.A nine-day streak of gains has boosted the rupee, as the currency benefited from dollar inflows related to inter-company borrowings and repatriation of corporate profits, which are usual in March, the last month of India’s financial year. Inflows…

The Indian rupee posted its best day against the dollar in more than a month on the back of dollar inflows and an unwinding of speculative long-dollar positions, which also helped it log its best week in more than two years. The rupee ended at 85.9725 against the U.S. dollar from 86.3675 in the previous session. It rose to a 10-week high of 85.9375 during the session and gained 1.2% in the week. A revival in domestic equities has lifted market sentiment for the rupee, Sugandha Sachdeva, founder of SS WealthStreet, a New Delhi-based research firm, said.If the rupee fails…

The Indian rupee rose for the seventh straight session on Thursday, its longest winning streak since January 2024, as persistent dollar sales by foreign banks and paring of short bets on the currency helped it weather a stronger dollar. The rupee rose to a near two-month high of 86.2075 per U.S. dollar earlier in the day before closing at 86.3675, up 0.1% on the day. Banks selling dollars to lock in profits on arbitrage trades between the non-deliverable and outright forwards also aided the rupee.A broadly weaker dollar has prompted a paring of short bets against Asian currencies with shorts…

The rupee closed about 12 paise higher at 86.4425 against the dollar, gaining for the sixth day in a row, and making it the longest gaining streak since September 2024.Dollar sales by exporters before the end of the financial year strengthened the local currency.The rupee opened a tad weaker at 86.6450 against Tuesday’s close of 86.57 but got strength with dollar sales and inflows. It touched the intra-day peak at 86.4250, which is the highest level since January 27.”The Indian rupee experienced its longest winning streak since September 2024, appreciating for the sixth consecutive day. This rally was fueled by…

The Indian rupee strengthened on Wednesday, touching a near two-month high, supported by dollar sales from foreign banks and seasonal inflows even as its regional peers dipped ahead of the U.S. Federal Reserve’s policy decision. The rupee ended the session at 86.4425 against the U.S. dollar, slightly higher than Tuesday’s close at 86.57. Earlier in the day, the currency hit 86.4250, a peak since January 27. While the rupee has been on a winning run this week, traders have also pointed to likely passive absorption of dollar inflows by the central bank, probably to replenish the forex reserves expended on…

The Indian rupee rose on Wednesday as a broadly weaker U.S. dollar spurred gains in most Asian currencies, with investors fretting over a slowdown in the U.S. and how trade tariffs may impact the world’s largest economy. The rupee closed 0.3% higher at 86.9550 against the U.S. dollar, its best single-day gain since February 11. Traders pointed to dollar sales from foreign and state-run banks during the session, which helped lift the rupee, alongside a markedly softer dollar.The dollar index fell nearly 0.6% to 104.9, its weakest level since November 2024, pressured by a sharp rise in the euro which…

The dollar fell to a three-month low on Tuesday as concerns about slowing growth and the impact from tariffs on the U.S. economy outweighed any potential boost from the ramping up of levies on Canada, Mexico and China. President Donald Trump’s new 25% tariffs on goods from Mexico and Canada took effect, along with a doubling of duties on Chinese goods to 20%, at 12:01 a.m. EST (0501 GMT). In response, China said it will impose additional tariffs of 10-15% on certain U.S. imports from March 10. Canada has said that retaliatory tariffs on the United States would take effect…

The Indian rupee closed slightly higher on Tuesday tracking a rise in Asian peers, while dollar demand from importers and foreign banks kept a lid on the local unit’s gains. The imposition of U.S. trade tariffs on China, Canada and Mexico dampened risk appetite, triggering a decline in global stocks and bond yields. However, Asian currencies rose between 0.1% and 0.6%. The rupee closed at 87.2650 against the U.S. dollar, up 0.1% on the day.While the currency slipped a tad below 87.40 in early trading, intermittent dollar sales from state-run banks helped support the rupee, three traders said. “There was…

The rupee declined 8 paise to 87.40 against the US dollar in early trade on Tuesday, weighed down by persistent foreign fund outflows and a prevailing liquidity deficit. Forex traders said the ongoing uncertainty surrounding tariff imposition by the US has left financial markets in flux. Moreover, the tariff chaos has injected volatility and uncertainty into the US Dollar Index. At the interbank foreign exchange, the rupee opened at 87.38, then fell to 87.40 against the American currency, registering a decline of 8 paise over its previous close. On Monday, the rupee settled with a gain of 5 paise at…

The Indian rupee ended higher on Monday, tracking an uptick in regional peers at the start of a week in which the currency’s moves will depend on the news flow regarding U.S. tariffs and economic data, and the local central bank’s reaction. The rupee ended at 87.3700 against 87.4950 in the previous session. The Indian currency dropped 1% in February, logging its fifth straight monthly loss. “There was a mild recovery in the rupee, as it was slightly in an oversold zone last week,” a trader with a private bank said.Hedging demand, persistent equity outflows, and the usual market flows…