HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Rupee depreciates against dollar on Thursday amid dollar demand
May-29-2025

Indian rupee depreciated against the U.S. dollar on Thursday due to a strong American currency against major crosses overseas and rising global crude oil prices.  Traders were worried as India’s industrial production growth, measured in terms of the Index of Industrial Production (IIP), slowed to an 8-month low of 2.7 per cent in April 2025 due to poor performance of manufacturing, mining and power sectors. On the global front, Japanese yen weakened against other major currencies in the Asian session on Thursday, after a U.S. federal court blocked U.S. President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority.

Finally, the rupee ended at 85.48 (Provisional), depreciated by 09 paise from its previous close of 85.39 on Wednesday. The currency touched a high and low of 85.62 and 85.40 respectively.

  RELATED NEWS >>