Rupee Strengthens To ₹87.82 Against Dollar
The Indian rupee rose by 26 paise to settle at ₹87.82 per U.S. dollar on Thursday, marking its strongest level in nearly a month. The rebound came after a period of weakness that saw the currency slip past the ₹88 mark earlier this month.
Intraday trend
The rupee opened at ₹87.90 and traded between a high of ₹87.70 and a low of ₹87.93 during the session. Market participants noted strong demand for the domestic currency in the second half of trading, aided by steady inflows from exporters.
Driving factors
According to traders, the Reserve Bank of India (RBI) stepped in with targeted interventions to prevent sharp depreciation and ensure stability. Improved global sentiment, driven by progress in trade talks between major economies, also helped support the rupee. Additionally, easing crude oil prices reduced import-related dollar demand, offering further relief.
Outlook
Analysts suggest the currency may find resistance near ₹87.75, where the RBI is likely to cap appreciation to protect export competitiveness. They added that while short-term gains are possible, sustained strength will depend on global capital flows, geopolitical stability, and inflation trends.
