Archive · 23 May 2025
Rupee Jumps 50 Paise, Stocks Rise as Dollar Weakens
On Friday, the Indian rupee did better against the US dollar, going up by half a rupee!
This happened because the US dollar became weaker, and investors felt more confident overall.
The stock market also had a good day, with the Sensex and Nifty going up.
This positive change was also helped by the central bank's encouragement of investment.
Some investors were buying stocks.
However, the country's total money reserves decreased during the week.
The Indian rupee gained 50 paise against the US dollar, closing at Rs 85.45.
The rise was attributed to a weaker US dollar and improved global risk appetite.
Domestic equities, including the Sensex and Nifty, saw strong gains.
Foreign Institutional Investors (FIIs) were net buyers of equities.
The Reserve Bank of India reported a fall in the country’s forex reserves.
- Who
- Indian Rupee, US Dollar
- What
- Rupee appreciated by 50 paise against the US dollar
- When
- Friday
- Where
- Interbank foreign exchange market
- Why
- Supported by a weaker US dollar, improved global risk sentiments, and central bank's efforts to encourage foreign investment.
- Rupee Closing
- Rs 85.45 against USD
- Sensex Closing
- 81,721.08
- Nifty Closing
- 24,853.15
- Dollar Index
- Fell by 0.60% to 99.36
- Brent Crude
- $64.30 per barrel
- Forex Reserves
- Fell by $4.888 billion to $685.729 billion (week ended May 16)
- FII Activity (Friday)
- Net buyers, purchased equities worth Rs 1,794.59 crore
Sources
Sensex closes 769 points higher, Nifty above 24,800; Eternal ends with 3% gain
Rupee soars with Asian peers to post best day in over 2 years
Markets rebound nearly 1%; Sensex surges over 760 points as FMCG, power shares gain
Rupee snaps 3-day losing streak, gains 70 paise to settle at 85.25 /USD
Sensex surges over 760 points as FMCG and IT drive market rally on RBI dividend hopes
