Rupee Surges by 51 Paise to Reach ₹86.17 Against US Dollar

The Indian rupee surged by 51 paise to ₹86.17 against the US dollar in early trading on Friday, April 11, 2025. This significant increase marked the rupee's best weekly gain in two years. The domestic unit opened at ₹86.22 against the US dollar, up 46 paise from the previous close on Wednesday, and then continued its upward trend on the back of  weakening of the US dollar, and declining oil prices. 

Domestic Equity Market and Dollar Index Movements

The domestic equity market witnessed a sharp rise, with the 30-share BSE Sensex opening the day soaring by 988.34 points (1.34%) to reach 74,835.49 and the Nifty climbing 296.25 points (1.32%) to 22,695.40. 

Collectively, the dollar index, which measures the greenback's strength against six major currencies, was trading 0.81 per cent lower at 100.04. The dollar index also declined to a decades-low against the Swiss Franc due to waning confidence in the US economy, prompting investors to move towards safe-haven assets. Brent crude, the global oil benchmark, also saw a slight decrease of 0.27 per cent to USD 63.16 per barrel in futures trade.

Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said the rupee would likely move within a narrow band of 86.00 to 86.60 against the US dollar during the session.

Foreign Institutional Investor Activity

On Wednesday, foreign institutional investors (FIIs) were net sellers in the domestic equity market, offloading equities worth ₹4,358.02 crore.

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