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Indian Rupee: Loses momentum from around 3-month high
25-Mar-2025 09:25

The Indian rupee erased some of its recent gains near three-month high and edged lower in opening trades on Tuesday. Positive cues from equities are however expected to limit downside in the counter. Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as markets breathe a temporary sigh of relief amid reports that US President Donald Trump may hold back some of the reciprocal tariffs set to take effect on April 2. Yesterday, the rupee appreciated 37 paise to close at 85.61 against the US dollar, wiping off all its losses in 2025, supported by a positive trend in domestic equity markets and fresh foreign capital inflows. Besides, lower global crude price levels and continuing weakness in the greenback also bolstered sentiments. Currently, INR is quoting at Rs 85.72 per dollar, down 13 paise from previous close.

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