Rupee Closes at 85.77 Per Dollar on Tariff Relief Hopes
Why in the news
The Indian rupee rose against the US dollar on April 15, 2025, helped by hopes of easier US tariffs and a weaker dollar.
Key facts
| Measure | Level |
|---|---|
| Close on April 15, 2025 | 85.77 per dollar |
| Previous close | 86.04 |
| Gain | 27 paise |
| Intraday peak | 85.59 |
| US dollar index | Dipped to 99.7 |
- Gains were pared after suspected RBI dollar purchases.
- According to Finrex Treasury, the RBI probably stepped in near the 85.56 level to limit further appreciation.
- Supporting factors: tariff relief optimism linked to Donald Trump, and a softer dollar index.
Exam angle
- Rupee close: 85.77 per dollar, gain of 27 paise.
- Central bank intervention: buying dollars checks sharp rupee appreciation.
- Indicator: US dollar index at 99.7.