21.7 C
New York
Tuesday, September 15, 2026

Buy now

Looking for an advertisement partner? We can display your banner on our site.
Send Now

Rupee rises 54 paise, strengthens previous 90 per U.S. greenback stage

[ad_1]

At the interbank foreign exchange, the rupee opened at 90.19 against the U.S. dollar, then recovered some lost ground to touch an intra-day high of 89.25, registering a 95-paise gain from its previous close. File

On the interbank overseas trade, the rupee opened at 90.19 in opposition to the U.S. greenback, then recovered some misplaced floor to the touch an intra-day excessive of 89.25, registering a 95-paise achieve from its earlier shut. File
| Picture Credit score: Reuters

The rupee appreciated 54 paise to shut at 89.66 (provisional) in opposition to the U.S. greenback on Friday (December 19, 2025), supported by company greenback inflows and easing crude oil costs.

Foreign exchange merchants stated a optimistic development in home equities and Brent crude oil costs hovering close to $59 per barrel supported the home unit at decrease ranges.

The achieve within the $/₹ pair follows the rupee’s string of document lows in current weeks, possible on intervention from the Reserve Financial institution of India, they added.

On the interbank overseas trade, the rupee opened at 90.19 in opposition to the U.S. greenback, then recovered some misplaced floor to the touch an intra-day excessive of 89.25, registering a 95-paise achieve from its earlier shut.

On the finish of the buying and selling session on Friday (December 19), the rupee was quoted at 89.66 (provisional), up 54 paise from its earlier shut.

On Thursday (December 18), the rupee appreciated by 18 paise to shut at 90.20 in opposition to the U.S. greenback.

The rupee sank to a recent document low, breaching the 91-a-dollar mark for the primary time on Tuesday (December 16).

“The Indian rupee rose for the third consecutive session on Friday amid company greenback inflows and falling crude oil costs. Energy within the home markets too favoured the rupee,” stated Anuj Choudhary, Analysis Analyst, Mirae Asset ShareKhan.

Mr. Choudhary additional added that the rupee is prone to commerce with a unfavourable bias because of promoting stress from overseas buyers and nervousness amid the delay within the commerce deal between India and the U.S.

“Nevertheless, total weak point within the U.S. greenback index and crude oil costs could assist the rupee at decrease ranges. USD-INR spot value is predicted to commerce in a variety of 89.90 to 90.50,” he stated.

In the meantime, the greenback index, which gauges the buck’s power in opposition to a basket of six currencies, was buying and selling 0.24 per cent greater at 98.66.

Brent crude, the worldwide oil benchmark, was buying and selling 0.37% decrease at $59.60 per barrel in futures commerce.

On the home fairness market entrance, the Sensex jumped 447.55 factors to settle at 84,929.36, whereas the Nifty surged 150.85 factors to 25,966.40.

Overseas Institutional Buyers bought equities price Rs 595.78 crore on Thursday (December 18), in line with trade information.

[ad_2]
Source link

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -spot_img

Latest Articles