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Rupee logs biggest one-day gain in over a month as regional peers jump - REUTERS

JANUARY 07, 2025

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MUMBAI, Jan 7 (Reuters) - The Indian rupee logged its biggest one-day gain in more than a month on Tuesday as the dollar dipped towards a one-week low, boosting regional currencies, while foreign banks' dollar sales also helped.
The rupee closed up 0.1% at 85.7125 against the U.S. dollar, its strongest daily gain since late-November.
The dollar index fell 0.3% to 107.9, while other Asian currencies rose between 0.2% and 0.9% as traders pondered whether U.S. President-elect Donald Trump's trade tariffs would not be as aggressive as anticipated.
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