Rupee Kicks Off Strong: INR Opens at 85.35, Setting a Positive Tone for the Day

The Indian rupee opened on a firm note at 85.35 per US dollar on May 30, 2025, marking a 0.2% appreciation from its previous close of 85.5075. This uptick reflects renewed optimism in the currency markets as the rupee continues to trade within a stable band, supported by robust foreign exchange reserves and steady capital inflows.

 

Recent data shows the rupee has largely hovered in the 85.3–85.6 range throughout May, with interbank rates and market averages closely tracking this movement. The current opening is in line with the month’s trend, where the rupee has shown resilience against global dollar strength and regional currency fluctuations. The USD/INR pair’s recent lows and highs for May have been 84.86 and 86.01, respectively, indicating a relatively narrow trading window and contained volatility.

 

Market participants attribute today’s gain to a softer US dollar index, easing crude oil prices, and positive sentiment in domestic equities. The Reserve Bank of India’s proactive liquidity management and stable macroeconomic outlook have also contributed to the rupee’s strength. With the currency opening stronger, traders will be watching for cues from global economic data and central bank commentary for further direction.

 

Sources: Exchange Rates UK, BookMyForex, Pound Sterling LIVE