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Rupee Gains for Third Session to 86.80 as Dollar Index Dips

18 March 20251 min read
ECONOMYRupee Gains forThird Session to86.80 as DollarIndex Dips18 March 2025safalsetu.com

Why in the news

The rupee gained for a third straight session as the dollar softened before a US Fed meeting.

Key facts

MeasurePer dollar
Previous close87
Intraday high (three-week best)86.76
Close86.80

Traders stayed cautious and looked to the Fed’s policy decision for direction.

Drivers

  • Dollar sales by exporters and foreign banks.
  • Expectations of a dovish US Federal Reserve outcome weakened the dollar.
  • Steady foreign inflows and a contained trade deficit signal external stability; traders await the Fed decision.

Test yourself

1. At what level did the rupee settle per dollar after its third straight session of gains?

It closed at 86.80 per dollar after touching 86.76 intraday.

2. What was the dollar index level after falling 0.2%, as noted in these notes?

The dollar index fell 0.2% to 103.5, near a five-month low.

3. Which upcoming event were traders awaiting while the rupee rose for a third session?

Traders were waiting for the US Fed's policy decision.

This topic is part of Daily Current Affairs 18 March 2025 (27 topics).

All topics of the dayDay quizMarch 2025

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