Indian rupee gains 19 paise to close at 96.69 against the US dollar, driven by easing crude oil prices, lower bond yields, and central bank support.
The Indian rupee advanced against the US dollar on Friday, supported by easing crude oil prices and lower US bond yields. Market participants noted that the domestic unit received crucial support from likely central bank intervention.
Key Currency Levels and Trading Data
- Previous close: 96.88 on Thursday
- Provisional close: 96.69 on Friday
- Gain: Strengthened by 19 paise
- Intraday high: 96.77
- Intraday low: 96.51
Brent crude oil prices retreated after US President Donald Trump signaled that potential military action against Iran would pause until after the midterm elections. Additional backing for the domestic economy came as Commerce and Industry Minister Piyush Goyal expressed confidence that India would achieve $1 trillion in exports of goods and services during FY27 despite a challenging global economic environment.
On the international front, the Japanese yen weakened against the US dollar on Friday under continuous pressure from the wide interest rate gap between the US and Japan.
