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Rupee inches up as $ index moderates
Business Standard
|April 04, 2025
The rupee recovered losses to end higher than its previous close against the dollar amid a 1 per cent drop in the dollar index.
The dollar weakened following concerns over a potential hit to US economic growth after its President Donald Trump imposed reciprocal tariffs on its trading partners.
The dollar index, which measures the strength of the greenback against a basket of six major currencies, dropped below the 102 mark on Thursday.
The local currency started the trading session on a weaker note at 85.75 per dollar. It, however, regained ground by the end of the day on the back of inflows, said dealers.
Bu hikaye Business Standard dergisinin April 04, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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