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Rupee reports best week in 2.5 years as $ struggles
June 28, 2025
|Financial Express Bengaluru
A weaker dollar, portfolio inflows should provide near-term support
THE RUPEE HAD its best week since January 2023, as an Iran-Israel ceasefire cooled oil prices and sapped safe-haven dollar demand, while worries over the Federal Reserve's future independence added pressure on the greenback.
The rupee gained 1.3% on the week, its best performance in two-and-a-half years, to close at 85.4750 per US dollar on Friday, rising 24 paise over the previous close. The domestic unit rose 36 paise to close at 85.72 against the US dollar on Thursday.
هذه القصة من طبعة June 28, 2025 من Financial Express Bengaluru.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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