Rupee jumps to 95.20 against US dollar (Img: Internet)
New Delhi: The Indian rupee opened on a stronger note on Friday, rising sharply by 65 paise to touch 95.20 against the US dollar in early trade. The surge was driven by easing global crude oil prices, a weaker dollar index, and improved investor sentiment across global markets.
Market optimism improved after indications from US President Donald Trump that a potential agreement with Iran could be reached soon, reducing geopolitical tensions in the Middle East. The development led to a decline in crude oil prices, which typically supports the rupee by easing import cost pressures for India.
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At the interbank foreign exchange market, the rupee opened at 95.40 and strengthened further to 95.20 during early trading sessions. On the previous day, the domestic currency had weakened by 60 paise, closing at 95.85 against the dollar, making Friday’s rebound a partial recovery.
According to currency analysts, the rupee is expected to trade in a positive range of 95.00–95.30 through the day, supported by improved risk appetite and external tailwinds.
Brent crude oil futures fell by over 1 percent, easing to around $89.41 per barrel, while the US dollar index slipped 0.11 percent to 99.75. Both factors contributed to strengthening emerging market currencies, including the rupee.
Indian equity markets also traded strongly in early sessions, adding to the positive sentiment. The Sensex surged over 900 points, while the Nifty gained more than 250 points, reflecting broad-based buying interest.
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However, foreign institutional investors (FIIs) continued to remain net sellers in the previous session, offloading equities worth nearly ₹1,987 crore, indicating cautious global positioning despite short-term optimism.
Market experts suggest that while short-term gains in the rupee are supported by easing oil prices and global sentiment, sustained strength will depend on continued foreign inflows and macroeconomic stability.
