Indian rupee gains in strongest weekly performance

The Indian rupee’s performance this week will depend on the dollar’s response to its recent correction and the impact of US tariffs. The bond market will also be monitoring any additional liquidity measures from the central bank.

The rupee closed at 86.8225 against the US dollar on Friday, marking a 0.7 per cent increase for the week, its strongest performance in over a year and a half.

The Reserve Bank of India’s (RBI) significant intervention played a major role in this, and the absence of any US tariffs that were expected to be imposed last week by President Donald Trump also contributed to the boost.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama