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India Rupee Review: Ends sharply up on fall in dollar index, FX inflows

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India Rupee Review

Ends sharply up on fall in dollar index, FX inflows

This story was originally published at 17:19 IST on June 2, 2025  Back
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By Gowri Lakshmi

The rupee ended sharply higher against the dollar Monday as the dollar index fell to a near six-week low and as foreign banks sold the greenback for foreign fund inflows, dealers said. Volumes in the currency market also remained lower than usual due to lack of significant triggers, dealers said. "The dollar is stuck, the rupee is also range-bound, nothing much is happening now... market will likely move once this week ends with policy decision and US NFP (non-farms payrolls)," a dealer at a private sector bank said.

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