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Indian Rupee: Recovers lost momentum; Cross border tensions could cap upside
08-May-2025 09:13

The Indian rupee recovered some of its lost momentum against the dollar in opening trades on Thursday as greenback stayed along the flat line even as the Fed retained interest rates unchanged and provided hawkish future stance citing continues uncertainty going ahead. Rupee opened at Rs 84.61 per dollar and recovered to a high of 84.56 so far during the day and is currently trading at 84.60 as compared to previous close at 84.77. Meanwhile, domestic shares look set to open on a cautious note Thursday as Pakistan troops continue to resort to cross-border shelling along the Line of Control (LoC) in Kupwara district of Jammu and Kashmir for the second consecutive day. Benchmark indexes Sensex and Nifty ended marginally higher on Wednesday despite rising tensions with Pakistan.

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