Rupee rises 12 paise to 86.25 against US dollar in early trade

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....upee rises 12 paise to 86.25 against US dollar in early trade<BR>PTI News<BR>Dated:- 20-3-2025<BR>PTI<BR>Mumbai, Mar 20 (PTI) The rupee appreciated 12 paise to 86.25 against the US dollar in early trade on Thursday, tracking positive domestic equities and the weakness of the American currency in the overseas market. Forex traders said the Indian rupee has staged a counterattack against external ....

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....pressures, gaining support from strong foreign inflows into debt markets. However, risks remain due to unabated foreign institutional investor sell-off and uncertainty surrounding Trump's tariff stance could pose challenges to the rupee's upward momentum. At the interbank foreign exchange, the rupee opened at 86.39 against the greenback, then gained some ground and touched 86.25, up 12 paise f....

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....rom its previous close. On Wednesday, the rupee appreciated 19 paise to close at 86.37 against the US dollar. "The USD-INR pair is expected to trade between 86.00 and 86.80 in the near term. With FII outflows and liquidity deficit conditions persisting, a slight rebound towards the 86.50-86.60 range is likely," CR Forex Advisors Managing Director Amit Pabari said. Meanwhile, the US dollar in....

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....dex, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent lower at 103.38. Brent crude, the global oil benchmark, was trading 0.58 per cent higher at USD 71.19 per barrel in futures trade. In the domestic equity market, the 30-share BSE Sensex was trading 445.32 points, or 0.59 per cent, higher at 75,894.37 points while the Nifty was up 131.75 poi....

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....nts, or 0.58 per cent, at 23,039.35 points. Foreign institutional investors (FIIs) offloaded equities worth Rs 1,096.50 crore on a net basis on Wednesday, according to exchange data. Meanwhile, the RBI March Bulletin released on Wednesday said sound fiscal policies, a well-calibrated monetary framework, and digital transformation initiatives are expected to provide a strong foundation for long....

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....-term sustainable economic growth. It also said that macroeconomic fundamentals remain strong, and economic growth is poised to sustain momentum driven by robust domestic demand, steady investment activity, and ongoing policy-driven infrastructure development along with a pick-up in government spending. PTI DRR SHW SHW<BR> News - Press release - PIB....