The Indian rupee appreciated by 33 paise to 85.05 against the US dollar in early trading on Monday, buoyed by a decline in the dollar index, which fell to a three-year low amid concerns over potential Trump-era tariffs.
Forex analysts attributed the rupee’s upward momentum to a positive trend in domestic equity markets and sustained foreign fund inflows, which have lifted investor confidence.
They also noted that the rupee has shown consistent strength in recent sessions, supported by favorable domestic economic indicators and shifting global dynamics, helping it remain stable despite ongoing uncertainties in major global markets.