Rupee rises 3 paise to close at 85.69 against US dollar

Wed, 26 March 2025

18:55

The rupee pared its initial losses and settled for the day higher by 3 paise at 85.69 (provisional) against the US dollar on Wednesday, supported by a resurgence of foreign fund inflows.

Forex dealers said the rupee is facing renewed pressure on liquidity constraints, concerns over reciprocal tariff implementations and month-end demand for the US currency from importers.

At the interbank foreign exchange, the rupee opened at 85.71 then touched an intraday high of 85.68 and a low of 85.98 against the greenback.

The unit ended the session at 85.69 (provisional) against the dollar, registering a gain of 3 paise from its previous closing level.

On Tuesday, the rupee snapped its seven-session rally and settled with a loss of 11 paise at 85.72 against the US dollar.

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