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Rupee Closes at 85.58 After Early Gains on Slumping Oil Prices and Foreign Inflows

Analysts expect the rupee to fluctuate between 85.10 and 85.75 ahead of key GDP releases.

Indian rupee currency notes
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Overview

  • The rupee climbed about 19 paise to trade at 85.29 per dollar in early deals before settling at 85.58 at Friday's close.
  • Brent crude futures fell by roughly 0.5% to $63.84 a barrel, easing pressure on import costs and bolstering the rupee.
  • Foreign institutional investors bought equities worth ₹884.03 crore on Thursday, underlining sustained fund inflows.
  • A firmer US dollar index, up 0.16% at 99.36, limited further rupee appreciation.
  • The Reserve Bank of India projects India will remain the fastest-growing major economy in FY26, underpinning market optimism.