Index
Show
Rupee recovers to 90.04 against the US dollar
The Indian rupee opened at 90.35 in the interbank foreign exchange market and later strengthened to an intra-day high of 90.04 against the US dollar. That move equates to a 34 paise gain from the previous close.
Intraday snapshot
- Opening level: 90.35 per US dollar
- Intra-day high: 90.04 per US dollar
- Net change from previous close: +34 paise (rupee strengthened)
Why the move matters
A stronger rupee can lower the cost of imports priced in dollars and ease inflationary pressure from imported goods. For exporters, a firmer currency can slightly reduce dollar-denominated competitiveness. Short-term currency swings also influence equity and bond market sentiment.
What to watch next
- Global dollar direction and major economic data releases
- Crude oil prices and commodity movements that affect import bills
- Central bank statements or any market interventions
The intraday recovery shows markets are reacting to prevailing conditions, and traders will be watching whether the rupee sustains gains or reverts as new information arrives.