The Indian rupee closed stronger on Tuesday against the US Dollar. The local currency strengthened 12 paise to close at Rs 87.08 against the greenback, according to Bloomberg. It had closed at 87.20 on Monday against the dollar.
"The Indian rupee, which fell to its lowest on Monday, is opening near 86.97 this morning after relief from Trump's tariffs overnight on reaching an agreement with Canada and Mexico," Anil Bhansali, executive director of Finrex Treasury Advisors LLP, said. "Premiums rose yesterday after RBI set the cut off for six months' swap higher than market expectations."
"The dollar index fell to 108.65 while the US 10-year yield rose to 4.5590%. GBP rose to 1.2422 as Trump said there were less chances of putting trade tariffs on UK," Bhansali added.
RECOMMENDED FOR YOU
'Sensex To Hit 94,000 Soon', Says HSBC As It Upgrades India Stance To 'Overweight'
Sep 24, 2025
Rupee Opens Lower At 87.97 Against US Dollar After Fed's Quarter-Point Rate Cut
Sep 18, 2025
Rupee Hits Over Two-Week High Against Dollar Before Fed Rate Decision
Sep 17, 2025
Money Wise: Be Wary Of Your Overseas Equity Investments
Sep 13, 2025
POPULAR
