Trump is expected to announce his reciprocal tariffs plan on Wednesday during an event in the White House Rose Garden
Tracking the fall in the dollar index, the currency appreciated by 2.39 per cent in March, registering the best month since November 2018
Weakens 2.12 per cent in FY25 vs 1.47 per cent in previous financial year
The currency has appreciated by 2.39 per cent in March -- the best month since November 2018 -- tracking the fall in the dollar index
The domestic currency opened 7 paise stronger at 85.71 against the greenback after closing at 85.79 on Thursday
The domestic currency ended 7 paise weaker at 85.79 against the greenback after closing at 85.71 on Wednesday
The domestic currency opened 20 paise weaker at 85.91 against the greenback after closing at 85.71 on Wednesday
The domestic currency ended 5 paise stronger at 85.72 against the greenback after closing at 85.77 on Tuesday
The domestic currency strengthened by 9 paise to open at 85.68 against the greenback after closing at 85.77 on Monday
The local currency depreciated up to 85.83 per dollar during the day; however, foreign inflows supported the domestic unit, said dealers
The domestic currency closed 17 paise weaker at 85.77 against the greenback after closing at 85.63 on Monday, according to Bloomberg data
The domestic currency opened 4 paise stronger at 85.59 against the greenback after closing at 85.63 on Monday
The domestic currency was the best-performing currency among its Asian peers in the current month so far
The domestic currency opened 4 paise stronger at 85.94 against the greenback after closing at 85.98 on Friday
The domestic currency closed 39 paise stronger at 85.98 against the greenback after closing at 86.37 on Friday
The domestic currency opened 14 paise stronger at 86.23 against the greenback after closing at 86.37 on Thursday
The domestic currency ended 6 paise stronger at 86.37 against the greenback after closing at 86.43 on Wednesday
The rupee appreciated 12 paise to 86.25 against the US dollar in early trade on Thursday, tracking positive domestic equities and the weakness of the American currency in the overseas market. Forex traders said the Indian rupee has staged a counterattack against external pressures, gaining support from strong foreign inflows into debt markets. However, risks remain due to unabated foreign institutional investor sell-off and uncertainty surrounding Trump's tariff stance could pose challenges to the rupee's upward momentum. At the interbank foreign exchange, the rupee opened at 86.39 against the greenback, then gained some ground and touched 86.25, up 12 paise from its previous close. On Wednesday, the rupee appreciated 19 paise to close at 86.37 against the US dollar. "The USD-INR pair is expected to trade between 86.00 and 86.80 in the near term. With FII outflows and liquidity deficit conditions persisting, a slight rebound towards the 86.50-86.60 range is likely," CR Forex Advis
The domestic currency opened 2 paise stronger at 86.41 against the greenback after closing at 86.43 on Wednesday
Rupee's REER drops to 102.37 in February