Tag Archives: US dollar strength

MUMBAI: The rupee dropped 5 paise to 85.69 against the US dollar in early trade on Wednesday, the first session of 2025, as the strength of the American currency in the overseas market and persistent foreign fund outflows weighed on the local unit. Forex traders said the dollar index (DXY) and US 10-year bond yields have been on an uptrend …

Mumbai: The rupee ended 2024 on a weaker note, depreciating 2.8% against the US dollar to close the year at 85.59, down from Monday’s close of 84.54. This marked the seventh consecutive year of decline for the Indian currency. Dealers attributed the year-end drop to a possible shift in RBI’s forex intervention strategy, which may have allowed a slight correction …