Rupee Strengthens Against Dollar Amid Global Trade Tensions

The Indian rupee opened stronger at 87.3475 per US dollar on February 11, 2025, up from the previous close of 87.4750. This slight appreciation comes despite ongoing global trade tensions, particularly following President Trump's recent tariff announcements. The rupee's resilience is noteworthy as it had been trading near its all-time low of 87.94 last week. Market analysts attribute this strength to potential interventions by the Reserve Bank of India and positive domestic economic indicators. However, traders remain cautious, closely watching for further developments in international trade relations that could impact currency markets.

Sources: Reuters, XE.com, Federal Reserve