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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee Posts Second Week Of Gains Against Dollar

  • The Indian rupee marginally weakened against the US dollar on Friday, closing seven paise lower at 85.39.
  • The rupee posted a second consecutive weekly gain, appreciating by 0.1% or 10 paise, attributed to positive foreign capital inflows.
  • In 2025 so far, the rupee has strengthened by 0.26% with a dip in the dollar index influencing most Asian currencies.
  • India and the US are in negotiations for a trade deal to be signed before the July 9 tariff deadline.

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