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Rupee appreciates against US dollar amid optimism on U.S.-India trade negotiations
Sep-19-2025

Indian rupee appreciated against the US dollar on Friday supported by optimism on U.S.-India trade negotiations. Traders took support as Central Board of Direct Taxes (CBDT) in its latest data has showed that net direct tax collection grew 9.18 per cent to over Rs 10.82 lakh crore till September 17 in this fiscal (FY26), due to higher advance tax mop-up from corporates and slower refunds. It was over Rs 9.91 lakh crore a year ago. On the global front, British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.

Finally, the rupee ended at 88.14 (Provisional), appreciated by 06 paise from its previous close of 88.20 on Thursday. The currency touched a high and low of 88.34 and 88.06 respectively.

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