Source Credit: The Hindu
On Monday, February 24, 2025, the Indian Rupee gained a bit by rising 1 paisa to hit 86.67 versus the US Dollar in morning trading. This small rise was thanks to the weaker US Dollar compared to other currencies worldwide. However, even with this little boost at first, local troubles kept the rupee from getting stronger.
The movement of the Indian Rupee was noted during morning trade on February 24, 2025. This small increase happened at start but as trading continued through the day some domestic market issues started weighing down on rupee stopping any further gains. Forex traders noticed these changes over time.
In Indian forex markets where rupee trades against US Dollar and other currencies its value gets affected a lot by both home and global economic factors. The weak dollar helped initially but India’s own economic issues caused problems that stopped more strength for the rupee.
Forex traders and market experts closely watched and discussed how the rupee moved during early hours of trading sessions. Foreign institutional investors (FII) withdrawing investments recently also had an effect on currency's performance along with reactions from markets contributing overall to-rupees standing thus far . Local equity markets influenced feelings among investors as well.
The slight rise of rupees versus dollars mostly came due to the weak US dollar in world markets giving some momentary gain for it . But quick dip seen in domestic stock markets led many investors feeling cautious about things heading forward also decrease recorded in India’s foreign exchange reserves ,continuing FII exits put pressure which didn't allow maintaining those early gains further limit potential appreciation for INR today resulting more swings happening instead .
