Rupee Gains 27 Paise, Closes at 85.37 Against US Dollar

Rapid Summary

• Teh Indian rupee strengthened for the fourth consecutive session,closing 27 paise higher at 85.37 against the U.S.dollar on April 17, 2025.
• This marks a recovery to its April 3 closing level adn a reversal of losses as April 2 after U.S. President Donald Trump imposed reciprocal tariffs on multiple countries.
• forex traders attribute the gain to foreign fund inflows in domestic equities and broad weakness in the U.S. dollar, despite ongoing crude oil price recovery.
• During intraday trading, the rupee fluctuated between a high of 85.31 and a low of 85.62 against the greenback before settling at its provisional closing value.
• Over four sessions starting from April 9, the Indian currency has gained more than 1.5%, adding up to an overall rise of ₹131 paise against USD-INR exchange rates during this period.
• Analyst Anuj Choudhary suggested strong domestic equities and Foreign Institutional Investors (FIIs) inflows as key drivers but warned importer buying and crude oil prices could limit further gains.
• Domestic equity markets reflected positive sentiment: BSE Sensex jumped by over 1,500 points (+1.96%) while Nifty climbed by +1.77%.
• FIIs net purchased equities worth ₹3,936 crores as per wednesday’s data (April 16).
• Global indicators showed marginal strength in Brent crude futures rising (+0.88%) globally equivalenting comparative Index benchmark prices Stock offset-DOLL Indexexperiencing mıcro scales upward movers similar Equity positional options gauges upto leverage.-Rollviously Brent Novembro

Indian Opinion Analysis

The strengthening rupee reflects easing concerns among investors following recent tariff actions by the U.S., further buoyed by foreign fund inflows into India’s equity market that signal confidence in India’s economic fundamentals amid global uncertainties.

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