The Indian rupee closed up against the US dollar in the fifth consecutive season today. The rupee remained stronger due to the fall in crude oil prices and the weakening of the dollar and the rupee rose 24 paise to close at 85.14 against the dollar at the end of the session. With this, the rupee has increased a total of 155 paise in the last five sessions.
The rupee opened at 85.15 with a fall of 23 paise in the interbank Forex exchange market at 85.15 and then closed at 85.14 at 85.14, creating a lowest level of 85.03 and then the lowest level of 85.19, after being closed at 85.38 on Thursday at 85.38. Today’s highest level of Rs 85.03 is the highest level of rupee in the last two weeks. To strengthen the rupee, FII has invested Rs 100 crore in the Indian stock market in the last four trading sessions. A net receipt of Rs 16,638 crore is also responsible for this. Meanwhile, the dollar index, which tracks the dollar performance against the basket of six major currencies, is trading at 98.10 today at 98.10, which is the lowest level after April 2022. With this, the total decline of 9 per cent has been recorded in the dollar index so far in 2025. The global benchmark Brent crude of crude oil fell 2.83 per cent to $ 66.04 per barrel today, while WTI crude fell by 2.98 per cent to $ 62.75.
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