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(29 May 2025, 11:58)

Indian Rupee softens after moderation in industrial growth

The Indian rupee eased a little today amid strength in the US dollar and lax local economic data yesterday. The dollar index climbed above 100 on Thursday, extending gains to a third straight session after a federal court ruled that President Donald Trump overstepped his authority in imposing reciprocal tariffs. The INR currently trades at Rs 85.48 per dollar, down 10 paise on the day. On the NSE, USD/INR futures are up 0.05% at 85.61. Local stocks are lower amid weak global cues. Meanwhile, India’s industrial output witnessed moderate growth in April 2025, with the Index of Industrial Production (IIP) rising by 2.7% compared to the same month last year. This marks a deceleration from the 3.94% growth seen in March 2025 and is the lowest growth in eight months.
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