Now Reading: Rupee opens 9 paise up, closes flat at 95.71
-
01
Rupee opens 9 paise up, closes flat at 95.71
The Indian rupee opened 9 paise stronger at 95.65 against the US dollar on Friday, supported by a weaker dollar overseas, but pared most gains to close just 3 paise higher at…
The Indian rupee opened 9 paise stronger at 95.65 against the US dollar on Friday, supported by a weaker dollar overseas, but pared most gains to close just 3 paise higher at 95.71. The Times of India reports the currency started at 95.69 and rose to 95.65, while Deccan Herald says it settled at 95.71 after touching an intraday high of 95.65 and a low of 95.75.
Forex traders cited a weak dollar index, down 0.15-0.25% to 98.65-98.74, as supportive. However, gains were capped by elevated crude oil prices (Brent at $93.39-$93.56) and geopolitical tensions in the Middle East. Deccan Herald notes the RBI governor expects at least $80 billion in foreign currency inflows, with $56.85 billion already mobilised, though traders say these inflows have not yet translated into significant rupee strength. Foreign institutional investors sold equities worth Rs 583.36 crore on Thursday.
Indian Opinion Analysis
Both sources report the same facts with identical neutral framing: the rupee rose marginally but remained constrained by oil prices and geopolitics. The Times of India leads with the 9 paise open gain and quotes a forex trader who contrasts this year's inflows with the 2013 FCNR(B) scheme, which caused an immediate double-digit appreciation. Deccan Herald leads with the flat close and adds detail on the government's Foreign Trade Policy amendment allowing rupee invoicing for exports, a development The Times of India omits. Neither outlet editorialises or adopts a pro-government or critical stance. The measured takeaway: the rupee is range-bound despite large inflows, with the next cue likely coming from US services PMI data and crude price movements.
Coverage: 2 sources, 2 neutral
Sources (2): timesofindia.indiatimes.com (neutral report), deccanherald.com (neutral report)
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
