Rupees gains 17 paise to 85.40 against US dollar on lower oil prices following Moody’s US rating downgrade
Monday, 19 May 2025 () The Indian rupee strengthened to 85.40 against the US dollar, fueled by a weaker dollar index and lower crude oil prices. Moody's downgrade of the US credit rating further pressured the dollar. Despite positive FII inflows and rising forex reserves, weak domestic equities capped the rupee's gains as traders remained cautious of trade deficit pressures.
The rupee strengthened to 84.30 against the US dollar, a 27 paise gain, fueled by lower crude oil prices and robust domestic stock market performance. Sustained... IndiaTimes
The Indian rupee weakened to 85.54 against the US dollar due to importer demand and foreign fund outflows, despite support from domestic equity gains and lower... IndiaTimes
Monday, 19 May 2025 ()
