14 May, 2025 | 6:15 PM
Rupee surges 30 paise to settle at 85.80
16-04-2025 12:00:00 AM
Rising for the second straight session, the rupee jumped 30 paise to end at 85.80 against the US dollar on Tuesday due to a sharp rise in equity markets and continuing weakness in the American currency amid global uncertainties. Besides, lower global crude prices, favourable domestic inflation numbers and fresh foreign fund inflows also supported the local currency, forex traders said. At the interbank foreign exchange, the domestic unit opened at 85.85, the day's lowest level, and touched the intra-day peak of 85.59 against the greenback.
