HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Indian rupee strengthens against dollar on Friday
May-22-2026

Indian rupee strengthened against the U.S. dollar on Friday amid renewed optimism about signs of progress in U.S.-Iran peace talks. Further, investors were sanguine about India-US trade deal after US Ambassador Sergio Gor expressed confidence over India-US trade deal, which is likely to be finalised in coming weeks or months, saying the US is looking forward to sealing the proposed bilateral trade agreement with India. He said the deal will facilitate expanding market access, reduce barriers, and create greater certainty for businesses. Meanwhile, the Reserve Bank of India (RBI) said that it will carry out a three-day variable rate repo (VRR) auction for a notified amount of Rs 1 lakh crore on May 22, 2026.  On the global front, the euro has weakened against the U.S. dollar on Friday, after negotiated wages in the Euro Area rose 2.5% year-on-year in the first quarter of 2026, slowing from a revised 2.9% in the previous period.

Finally, the rupee ended at 95.62 (Provisional), strengthened by 74 paise from its previous close of 96.36 on Thursday. The currency touched a high and low of 96.30 and 95.62 respectively.

  RELATED NEWS >>