HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Rupee appreciates against US dollar amid selling in American currency
May-09-2025

Indian rupee appreciated against the US dollar on Friday as RBI eased norms for FPIs. Reserve Bank of India (RBI) has relaxed norms for investments by foreign portfolio investors (FPIs) in corporate debt securities through the general route by withdrawing certain requirements to comply with the short-term investment limit and the concentration limit. The withdrawal was with a view to providing greater ease of investment to FPIs. Besides, India and Chile have signed terms of reference (ToRs) to negotiate a comprehensive free trade agreement. In 2006, both countries had implemented a preferential trade agreement (PTA) and are now planning to widen its scope for a comprehensive economic partnership agreement. On the global front, New Zealand dollar weakened against other major currencies in the Asian session on Friday, as China's most recent trade figures indicated a slowing down of outside demand.

Finally, the rupee ended at 85.36 (Provisional), appreciated by 22 paise from its previous close of 85.58 on Thursday. The currency touched a high and low of 85.88 and 85.32 respectively.

  RELATED NEWS >>