English>

Market News

Rupee jumps, hedging costs slide as dollar keeps taking punches - REUTERS

APRIL 22, 2025

By 

MUMBAI, April 21 (Reuters) - The Indian rupee and other Asian currencies strengthened on Monday as the dollar remained under pressure, with the latest drag coming from U.S. President Trump's criticism of Federal Reserve Chair Jerome Powell, fuelling concerns over central bank independence.

The rupee touched a peak of 85.0525 in early trading before paring gains to last quote at 85.1125, up 0.3% on the day.


Bids from two state-run banks slowed the rupee's gains on the day, prompting speculation that the Reserve Bank of India (RBI) was stepping in to absorb inflows.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics