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Rupee Surges 33 Paise To 85.77 Against Dollar
Hindustan Times West UP
|April 16, 2025
Rising for the second straight session, the rupee jumped 33 paise to end at 85.77 (provisional) against the US dollar on Tuesday due to a sharp rise in equity markets and continuing weakness in the American currency amid global uncertainties.
MUMBAI:
Besides, lower global crude prices, lower domestic inflation numbers and the US administration's latest move to suspend the additional 26% tariffs on India till July 9 also supported the local currency, forex traders said. At the interbank foreign exchange, the domestic unit opened at 85.85, the day's lowest level, and touched the intra-day peak of 85.59 against the greenback.
This story is from the April 16, 2025 edition of Hindustan Times West UP.
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