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Indian rupee depreciates against US dollar amid strong American currency
Aug-25-2025

Indian rupee depreciated against the US dollar on Monday tracking a strong American currency and a recovery in crude oil prices. Investors were cautious ahead of the implementation of the August 27 tariff deadline and the upcoming US economic data ahead of the Federal Reserve's September 17 meeting. Investors overlooked the RBI data showing that India's forex reserves rose by $1.48 billion to $695.10 billion during the week ended August 15, 2025. On the global front, antipodean currencies such as the Australia and New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Asian stock markets ended higher, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted.

Finally, the rupee ended at 87.56 (Provisional), depreciated by 3 paise from its previous close of 87.53 on Friday. The currency touched a high and low of 87.61 and 87.34 respectively.

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