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Rupee ends marginally higher against dollar
Feb-10-2025

Indian rupee ended marginally higher against dollar on Monday due to fresh selling of the American currency by banks and exporters. Traders took support with Finance Minister Nirmala Sitharaman’s statement that income tax relief provided for in the Union Budget coupled with RBI repo rate cut put together will boost recovery in consumption in the economy. However, gains remained capped as the exchange data showed Foreign institutional investors (FIIs) offloaded equities worth Rs 470.39 crore in the capital markets on a net basis on Friday. On the global front, the dollar rallied once again on Monday as investors started the week with yet another trade tariff threat from US President Donald Trump. 

Finally, the rupee ended at 87.45 (Provisional), appreciated by 5 paise from its previous close of 87.50 on Friday. The currency touched a high and low of 87.95 and 87.44 respectively.


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