Overview

• The Indian rupee appreciated by 25 paise to reach 85.08 against the US dollar in early trade on April 25, 2025.
• Significant foreign institutional investor (FII) equity purchases, totaling Rs 8,250.53 crore on Thursday, supported the rupee's rise.
• Market optimism grew following US Treasury Secretary Scott Bessent's indication that India could be the first to finalize a trade deal to address reciprocal tariffs.
• The Reserve Bank of India highlighted India's strong macroeconomic fundamentals and diverse trade relationships as factors underpinning currency resilience.
• Analysts noted near-term resistance for the rupee at 85.60 and support at 85.20, with the currency facing potential pressures from a strong dollar and geopolitical risks.