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Indian rupee recovers from early losses as dollar weakens
Nada Ali Published in Amwal Al Ghad on 11 - 03 - 2025

The Indian rupee gained strength on Tuesday due to central bank intervention and a rise in Asian currencies, as the dollar fell to its lowest level since November against major peers.
The rupee ended the day at 87.2125 against the US dollar, a 0.1 per cent increase. Earlier in the session, it had dropped to 87.3850 due to dollar bids linked to NDF market position maturity.
Traders said that the Reserve Bank of India (RBI) likely intervened to limit the rupee's losses, which later benefited from the dollar's weakness during the session.
The dollar index decreased 0.5 per cent to 103.3, while Asian currencies saw an increase, with the offshore Chinese yuan leading the gains, up by 0.4 per cent for the day.
Attribution: Reuters
Subediting: M. S. Salama

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