Overview

• The rupee opened at 85.43 per dollar on Thursday, up 9 paise from Wednesday’s close of 85.52.
• A softer U.S. dollar and positive domestic equity markets supported the currency’s early gains.
• Brent crude prices dipped near $66.80 per barrel and progress in U.S.-China trade talks lifted market sentiment.
• Foreign institutional investors sold equities worth Rs 446.31 crore on Wednesday, limiting further rupee appreciation.
• Market experts advise importers to hedge near 85.25 and exporters to wait above 85.75 within an expected trading band of 85.25–85.75.