Re Jumps 31 Paise To 85.67/$

Mumbai: Rising for the seventh straight session, the rupee appreciated 31 paise to close at 85.67 (provisional) against the US dollar on Monday, wiping off all its losses in 2025, supported by a positive trend in domestic equity markets and fresh foreign capital inflows. The local unit has recovered all its losses for 2025. On December 31, 2024, the rupee closed at 85.64 against the greenback.

“The Indian rupee recouped yearly losses as foreign banks and exporters sold the dollars ahead of the financial year-end adjustment, while state-level banks remained aside from buying amid the RBI’s USD/INR swap,” Dilip Parmar, Research Analyst, HDFC Securities, said.

Besides, lower global crude price levels and continuing weakness in the greenback also bolstered sentiments, traders said. However, lurking risks -- ranging from liquidity constraints to reciprocal tariff implementations -- continue to pose challenges for the local unit, they added. At the interbank foreign exchange, the rupee opened at 85.93, then touched an intraday high of 85.49 and a low of 86.01 against the greenback.