Indian Rupee Strengthens for Third Consecutive Session

Updated on April 16, 2025


The Indian Rupee (INR) showed positive momentum for the third straight session when compared to the US Dollar (USD). On Wednesday, the rupee strengthened by 12 paise to finally close at 85.68. This trend supports an increased inflow of foreign funds into the country.

Forex experts point out that the weakness in the American currency, driven by new tariff impositions by the US on various countries, has benefited the Indian rupee. The consistent gain is seen as a sign of economic optimism for India.

Additionally, declining global crude oil prices have also contributed to the strengthening of the Indian currency. On the Interbank Foreign Exchange market, the rupee opened at 85.66, hit an intraday high of 85.50, and touched a low of 85.72 before settling at 85.68.

Compared to the previous day’s close on Tuesday, the rupee gained 12 paise. Notably, on Tuesday as well, the rupee had advanced by 30 paise to close at 85.80. In the prior session held on Friday, it had recorded a substantial gain of 58 paise.

"The rupee is gaining ground due to falling crude oil prices and weakening of the US dollar index," said leading Forex analysts.

Indian Rupee Performance (Recent Trading Sessions)

Date Closing Rate (INR/USD) Change (in Paise) Trend
Friday 86.38 +58 Strengthened
Tuesday 85.80 +30 Strengthened
Wednesday 85.68 +12 Strengthened

*Data sourced from interbank forex exchanges and trading sessions as of April 16, 2025.