Last Updated Apr - 04 - 2025, 01:52 PM | Source : Fela News
The rupee appreciated to 84.96 against the U.S. dollar on April 4, 2025, boosted by a weaker greenback, falling oil prices, and India’s resilience amid global t
The rupee appreciated by 34 paise to 84.96 against the U.S. dollar in early trade on April 4, 2025, amid a broad-based weakening of the greenback following President Donald Trump’s new tariffs. The fall in crude oil prices and concerns over inflation and recession in the U.S. also supported emerging market currencies.
Forex traders attributed the rupee’s rise to weaker dollar sentiment and lower global oil prices. The rupee opened at 85.07 before gaining to 84.96, compared to Thursday’s close of 85.30. The dollar index fell 0.42% to 101.64, while Brent crude dropped 0.84% to $69.55 per barrel.
Amit Pabari, MD of CR Forex Advisors, said Trump’s reciprocal tariffs may harm U.S. consumers and slow growth. He noted India remains less affected, with an effective tariff rate of 27%, enhancing its export competitiveness compared to nations like China and Vietnam.
Meanwhile, Indian markets fell, with the Sensex dropping 594.05 points and FIIs selling equities worth ₹2,806 crore.
Oct - 14 - 2025
They say movies are magic and much of that magic is being woven quietly in studios you’ve never heard of. In Bengaluru’s Whitefield, a ... Read More
Oct - 13 - 2025
Taliban Foreign Minister Amir Khan Muttaqi stirred controversy in New Delhi after a recent press conference at the Afghanistan embassy went ahead w... Read More
Oct - 11 - 2025
The United States has put new sanctions on eight Indian nationals and ten Indian companies who are accused for helping Iran export its oil and petr... Read More
Oct - 11 - 2025
A calm Australian morning turn tragical at Shellharbour Airport in New South Wales when a light aircraft crash soon after take-off, ... Read More
Oct - 11 - 2025
Only male reporters were given entry, sparking immediate criticism from media circles, human rights groups, and politicians. Many saw the exclusion... Read More
Oct - 10 - 2025
Israeli Prime Minister Benjamin Netanyahu has reaffirmed that Israeli forces will continue operations in Gaza until Hamas fully disarms and returns... Read More