Sat. 05 Apr 2025
☁️ 11°C in Dublin
🎮 Games
Date: 04-apr-2025
On April 4, 2025, the Indian rupee appreciated against the U.S. dollar, opening at 85.28–85.30 compared to the previous close of 85.43. The strengthening of the rupee comes in the wake of heightened concerns over U.S. trade policy and its impact on global financial markets.
The U.S. dollar index fell sharply as investors responded to former President Donald Trump’s sweeping tariff measures, which include a universal 10% levy on all imports and significantly higher rates on goods from major economies like China and the EU. This policy shift triggered a sell-off in dollar assets and weakened the greenback in currency markets worldwide.
According to currency traders, the primary drivers behind the rupee’s rise include:
“The dollar's weakness globally, especially after fears of a global trade war intensified, is helping emerging market currencies like the rupee,” said one senior forex analyst at a Mumbai-based bank.
While the rupee's rise provides relief for importers, especially those dealing in oil and electronics, exporters may face some pricing pressure. However, the Indian equity market welcomed the move, as a stronger currency helps tame imported inflation and bolsters investor sentiment.
Additionally, lower crude oil prices — down over 6% due to OPEC+ ramping up production — are expected to support India’s trade balance in the near term.
Market participants are closely watching:
Analysts say if the rupee continues to remain in the 85.20–85.40 band, it could establish a new short-term range. However, any sudden global market volatility or central bank interventions may alter the currency’s trajectory.
For now, the rupee appears to be on a path of cautious strength — reflecting both global uncertainties and India’s relative macroeconomic stability.
Date: 04-Apr-2025
Indian stock indices slipped on April 4, 2025, following global tariff fears led by Trump’s import tax policy. Sensex and Nifty declined as investors reacted to economic uncertainty and sectoral vulnerabilities.
Date: 04-Apr-2025
Indian stock indices slipped on April 4, 2025, following global tariff fears led by Trump’s import tax policy. Sensex and Nifty declined as investors reacted to economic uncertainty and sectoral vulnerabilities.
04 Apr 2025
