HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Rupee appreciates against US dollar amid selling in American currency
Mar-28-2025

Indian rupee appreciated against the US dollar on Friday supported by a resurgence of foreign fund inflows. Traders took support as Commerce and Industry Minister Piyush Goyal said that the ongoing talks between India and the US for the proposed trade agreement between India and the US are progressing well and will be for the good of both nations while protecting India's interests. Goyal also said that he is in regular and constant dialogue with the industry from different sectors including agriculture, engineering, electronics, textiles, and various interest groups. On the global front, antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday amid concerns over upcoming reciprocal tariffs and the 25% tariffs on auto and auto components imports into the U.S. to go in to effect next week.

Finally, the rupee ended at 85.50 (Provisional), appreciated by 24 paise from its previous close of 85.74 on Thursday. The currency touched a high and low of 85.70 and 85.40 respectively.

  RELATED NEWS >>