HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Rupee ends unchanged on Friday
Jan-31-2025

Indian rupee ended unchanged against the US dollar on Friday due to broad strength of the American currency in the overseas markets. Investors awaited the Budget 2025-26 presentation on Saturday, February 1, fore more directional cues. Some concern came as exchange data showed Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,582.95 crore in the capital markets on a net basis on Thursday. However, traders took some support as private report stated that the Reserve Bank of India (RBI) is set to cut its main policy rate on February 7 followed by just one more cut next quarter. On the global front, euro has continued its weakening trend against the dollar, showing minimal response after the European Central Bank (ECB) enacted a widely-anticipated interest rate cut of 25 basis points. 

Finally, the rupee ended unchanged from its previous close of 86.62 on Thursday. The currency touched a high and low of 86.65 and 86.59 respectively.


  RELATED NEWS >>