Rupee jumps 23 paise to settle at 85.15 against US dollar on FII inflows https://www.taxtmi.com/news?id=41577 The rupee strengthened for a fifth straight session as a weaker US dollar, fresh foreign institutional inflows, a rally in domestic equities, and lower crude prices supported gains. The dollar index fell to multi year lows and market analysts forecast a positive bias in USD/INR spot trading, identifying an expected trading range of 84.80 to 85.35 with support near 84.95 and resistance around 85.40. Observers noted importer dollar demand could restrain sharper appreciation despite rising forex reserves and continued FII purchases. en-us Mon, 21 Apr 2025 21:01:04 +0530 Mon, 21 Apr 2025 21:01:04 +0530 TaxTMI RSS Generator Rupee jumps 23 paise to settle at 85.15 against US dollar on FII inflows https://www.taxtmi.com/news?id=41577 The rupee strengthened for a fifth straight session as a weaker US dollar, fresh foreign institutional inflows, a rally in domestic equities, and lower crude prices supported gains. The dollar index fell to multi year lows and market analysts forecast a positive bias in USD/INR spot trading, identifying an expected trading range of 84.80 to 85.35 with support near 84.95 and resistance around 85.40. Observers noted importer dollar demand could restrain sharper appreciation despite rising forex reserves and continued FII purchases. News - Mon, 21 Apr 2025 21:01:04 +0530 https://www.taxtmi.com/news?id=41577