India
2025-08-21 20:06
IndustryRupee Sheds 18 Paise on a Volatile Thursday
The rupee, which began with gains, had to settle with a fall of 18 paise against the USD at 87.25 (provisional) on August 21, 2025. The loss of steam had to do with a strong American currency and a recovery in crude oil prices.
The rise in risk appetite across global markets amid easing trade tariff tensions and renewed hopes of a peace deal between Russia and Ukraine made the rupee begin on a positive note, according to forex traders.
The strengthening American currency in the overseas market and increasing crude oil prices made investors restrict the upward movement in the rupee. Even though the rupee hit an early high of 86.93 today, it ended the day with a low of 87.25 against the greenback.
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Rupee Sheds 18 Paise on a Volatile Thursday
The rupee, which began with gains, had to settle with a fall of 18 paise against the USD at 87.25 (provisional) on August 21, 2025. The loss of steam had to do with a strong American currency and a recovery in crude oil prices.
The rise in risk appetite across global markets amid easing trade tariff tensions and renewed hopes of a peace deal between Russia and Ukraine made the rupee begin on a positive note, according to forex traders.
The strengthening American currency in the overseas market and increasing crude oil prices made investors restrict the upward movement in the rupee. Even though the rupee hit an early high of 86.93 today, it ended the day with a low of 87.25 against the greenback.
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