Archive · 20 May 2025
Rupee Falls Against Dollar Amid Market Weakness
The Indian rupee weakened against the U.S. dollar.
This means it took more rupees to buy one dollar.
This happened because the stock market in India was down, and some investors were taking their money out.
Also, interest rates in the U.S. went up, making the dollar stronger.
However, the dollar's value against other currencies decreased slightly, which helped to soften the rupee's fall.
The market is expected to remain volatile.
The rupee fell by 21 paise, closing at 85.63 against the U.S. dollar on May 20, 2025.
This decline was attributed to weak domestic markets and rising U.S. treasury yields.
Foreign fund outflows also contributed to the rupee's depreciation.
The U.S. dollar index declined, providing some support to the rupee.
The Sensex and Nifty also fell by approximately 1% on May 20, 2025.
- Who
- Forex traders
- What
- Rupee depreciated by 21 paise
- When
- May 20, 2025
- Where
- Interbank foreign exchange
- Why
- Weak domestic markets, foreign fund outflows, and a bounce back in U.S. treasury yields
- Rupee Close
- 85.63 against USD
- Rupee Change
- Depreciated 21 paise
- Date
- May 20, 2025
- Sensex Close
- 81,186.44
- Nifty Close
- 24,683.90
Sources
Sensex closes 873 points lower, Nifty falls below 25,000; Eternal down 4%
Market Closing Bell: Sensex, Nifty crash over 1 per cent amid FII outflows, weak global cues
Sensex, Nifty tumble 1% in third day of decline; RIL, HDFC Bank major drag
