Indian Rupee Opens Higher, Recovers 2.34% from February Lows

The Indian Rupee (INR) opened 0.04% higher at 85.9375 per U.S. dollar, compared to the previous closing rate of 85.9725.

The currency has strengthened by 2.34% from its lowest level of 87.99 per U.S. dollar, which was recorded on February 9, 2025, reflecting a notable recovery in recent weeks.

With foreign investors pouring money back into India’s markets, especially into bonds, the rupee is recovering its losses for 2025. It has now fallen just 0.4% against the dollar, improving from a deeper 2.4% decline earlier.

On Friday, the rupee had its best weekly performance in two years, helped by a weaker dollar as doubts grew over the strength of the US economy. A stronger rupee is good for attracting foreign investments and reducing import costs. However, uncertainty remains as new tariffs from President Trump are set to take effect next month.