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Currency News

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(29 Apr 2025, 17:55)

INR consolidates in narrow range to settle marginally lower


The Indian rupee consolidated in a narrow range and settled for the day 2 paise lower at 85.25 (provisional) against the US dollar on Tuesday, on recovery in the US dollar and geopolitical tensions between India and Pakistan. The dollar index rebounded above 99 mark supported by renewed optimism over US-China trade relations. However, positive domestic markets and a decline in crude oil prices limited the downside for the domestic unit. The benchmark 30-share BSE Sensex ended 0.09 percent higher at 80,288.36, giving up some early gains. The broader NSE Nifty index ended flat with a positive bias at 24,335.95 while the BSE mid-cap and small-cap indexes ended up 0.2 percent and 0.1 percent, respectively. At the interbank foreign exchange, the domestic unit opened at 85.06 and moved between the intra-day high of 84.96 and the low of 85.40 against the greenback. The unit ended the session at 85.25 (provisional), registering a fall of 2 paise over its previous closing level.

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