Dollar

The dollar index was largely steady at 99.55, against the previous close of 99.62. It measures the strength of the greenback against a basket of six major currencies

Indian Rupee today: The domestic currency closed 25 lower at 87.53 against the dollar on Friday, according to Bloomberg

The remarks came in response to Brazilian President Luiz Inacio Lula da Silva's recent comments that BRICS members could "discuss" creating a trade currency among themselves

Indian Rupee today: The domestic currency closed 47 paise lower at 85.86 against the dollar on Monday, the worst fall since June 13

India's forex reserves hit $702.7 bn in week ended June 27, nearing 2024 peak; driven by $5.9 bn RBI dollar purchases, partly offset by revaluation losses

The rupee ended Q1 marginally weaker at 85.77 after volatile trading amid Iran-Israel tensions, IPO inflows, oil easing and RBI reducing short dollar positions

RBI's net short dollar position in rupee forwards narrowed to $72.5 billion in April while REER rose for the first time in six months as the rupee appreciated

Near-term outlook positive for Indian currency as truce takes hold after violations

The central bank's forward book saw a drop from $78 billion in February to $52.4 billion in April, with a majority of positions concentrated in the 3-12 month segment

The rupee briefly appreciated to 83.76 per dollar, its strongest level in seven months, before retreating as RBI stepped in to buy $3 billion and boost forex reserves

The domestic currency opened 5 paise lower at 85.08 after ending at 85.03 against the greenback on Monday

The domestic currency ended 23 paise weaker at 85.42 after closing at 85.19 against the greenback on Tuesday

The currency has appreciated by 0.22 per cent in April and is on track to log gains for the second straight month

The domestic currency ended 7 paise weaker at 85.20 after closing at 85.13 against the greenback on Monday

The dollar index - a measure of the value of the US dollar relative to a basket of foreign currencies - was down 0.19 per cent to 98.08, the lowest since April 2022

The domestic currency ended 24 paise stronger at 85.14 against the greenback, after closing at 85.38 on Thursday

The US dollar has been facing sustained pressure, with the Dollar Index down over 9 per cent year-to-date

The domestic currency ended 30 paise stronger at 85.38 against the greenback, after closing at 85.68 on Wednesday

With the dollar under pressure from tariff-driven outflows, downgraded US growth forecasts and shifting investor outlook, forex strategists are encouraging exporters to reassess their hedging strategy

The domestic currency opened 19 paise stronger at 85.49 against the greenback, after closing at 85.68 on Wednesday