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Rupee appreciates against dollar on Thursday
Jul-31-2025

Indian rupee appreciated against the U.S. dollar on Thursday amid lower crude prices and suspected RBI interventions, after US President Donald Trump's announcement of 25 per cent tariffs on Indian imports and a penalty for buying Russian Crude. Traders took note of Global Trade Research Initiative’s (GTRI) statement that US President Donald Trump's announcement to impose a 25% tariff and penalty on Indian goods may seem severe but the country is not in a worse position than nations that signed trade deals with Washington. On the global front, Malaysian ringgit weakened against the U.S. dollar in the Asian session on Thursday, after Prime Minister Anwar Ibrahim stated on Thursday, subsequent to a discussion with Trump, that the tariff rate on Malaysian products would be revealed on Friday.

Finally, the rupee ended at 87.66 (Provisional), appreciated by 14 paise from its previous close of 87.80 on Wednesday. The currency touched a high and low of 87.74 and 87.51 respectively.

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