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Rupee appreciates against dollar on Thursday
Jun-12-2025

Indian rupee appreciated against the U.S. dollar on Thursday despite steep fall in the domestic equity markets. Traders took support as Commerce and Industry Minister Piyush Goyal has said that the world trade is facing severe geo-political challenges, but India has consistently emerged as a winner in such times, and the country's exports of goods and services will certainly cross $825 billion in 2025-26 (FY26). Investors overlooked a private report stating that private consumption in the Indian economy moderated slightly in the fourth quarter of FY25. On the global front, British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output. 

Finally, the rupee ended at 85.52 (Provisional), appreciated by 01 paisa from its previous close of 85.53 on Wednesday. The currency touched a high and low of 85.65 and 85.43 respectively.

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