HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Rupee appreciates against US dollar amid selling in American currency
Apr-11-2025

Indian rupee appreciated against the US dollar on Friday amid strong rebound in the domestic equity markets. Traders took note of report that Global Trade Research Initiative (GTRI) Founder Ajay Srivastava has said that imposition of steep 125 per cent tariffs on China by the US could help Indian products become more competitive in the US market, especially in sectors where India competes directly with China, such as textiles, leather goods, engineering items, and electronics. In these segments, India competes directly with China. Meanwhile, White House executive orders noted that the US has suspended the additional tariffs on India for 90 days until July 9, 2025. On the global front, U.S. dollar weakened against other major currencies in the European session on Friday amid ongoing worries about the U.S. and worldwide economies.

Finally, the rupee ended at 86.10 (Provisional), appreciated by 58 paise from its previous close of 86.68 on Wednesday. The currency touched a high and low of 86.22 and 85.95 respectively.

  RELATED NEWS >>