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This Article is From May 02, 2025

Rupee Closer Weaker Against Dollar After Touching Seven-Month High

Rupee Closer Weaker Against Dollar After Touching Seven-Month High
Rupee slumps 7 paise at close against the greenback (Image source: Canva stock)

The Indian rupee fell seven paise to 84.30 against the US dollar on Friday. It strengthened 74 paise to reach a seven-month intraday high of 83.75 and crossed the 84 mark.

The local currency had closed 74 paise stronger against the dollar on Wednesday at 84.49, the highest close since November 2024, according to Bloomberg.

The dollar index fell 0.52% and was trading in the red at 99.53 as of 3:45 p.m. on Friday. Brent crude saw a short-lived revival but again slumped to nearly $62 a barrel.

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