Indian Rupee Gains 35 Paise, Closing at 95.25 Against US Dollar
Rupee rises 35 paise to close at 95.25 against US dollar

Image: Deccan Herald
The Indian rupee appreciated by 35 paise to close at 95.25 against the US dollar, marking its third consecutive day of gains. This rise is attributed to optimism regarding a potential peace deal between the US and Iran, alongside supportive statements from the Reserve Bank of India.
- 01The rupee opened at 95.36 and reached an intraday high of 95.12 before closing at 95.25.
- 02RBI Governor Sanjay Malhotra stated that the rupee is not overvalued and may be undervalued after recent depreciation.
- 03US President Donald Trump indicated progress in peace negotiations with Iran, positively influencing market sentiment.
- 04The dollar index fell by 0.26%, reflecting a weaker US dollar against a basket of currencies.
- 05Brent crude oil prices decreased by 5.10% to $98.26 per barrel, impacting inflation and energy costs.
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On Monday, the Indian rupee rose by 35 paise to close at 95.25 against the US dollar, marking its third consecutive day of gains. The appreciation comes amid optimism regarding a potential peace deal between the US and Iran, despite ongoing disputes over critical issues like the Strait of Hormuz blockades. Forex traders noted that the rupee opened at 95.36, hitting an intraday high of 95.12 before settling at 95.25. Reserve Bank of India (RBI) Governor Sanjay Malhotra emphasized that the rupee is not overvalued, suggesting it may even be undervalued following its recent depreciation. The positive sentiment was further bolstered by US President Donald Trump's comments on the peace negotiations, which he stated should not be rushed. Additionally, the dollar index decreased by 0.26%, while Brent crude oil prices fell to $98.26 per barrel, which could influence inflation and energy costs in India. The domestic equity market also saw significant gains, with the Sensex rising by 1,073.61 points.
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The rupee's appreciation can lead to lower import costs, particularly for oil, which may help ease inflation in India.
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