Rupee jumps 19 paise to 87.03 against US dollar in early trade

The rupee appreciated 19 paise to 87.03 against the US dollar in early trade on Thursday (March 13, 2025), buoyed by a favourable macroeconomic data that also led to a buying rush in domestic equity markets.

According to forex analysts, escalated tariff tensions worldwide continued to fuel the foreign capital outflow, but a weaker American currency index and lower level of crude oil prices added strength to the local unit.

At the interbank foreign exchange, the rupee opened stronger at 87.13 and touched a high of 87.03 against the greenback in early deals, registering a sharp gain of 19 paise from its previous closing level.

The rupee settled 1 paisa lower at 87.22 against the US dollar on Wednesday (March 12), a day after logging a recovery of 10 paise on Tuesday as it pared the steep loss of 36 paise in the preceding session (March 10).

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.01 per cent at 103.57.

Brent crude, the global oil benchmark, traded 0.01 per cent lower at USD 70.90 per barrel in futures trade.

Domestic equity market traded positive with the 30-share BSE Sensex rising 23.47 points or 0.03 per cent to 74,053.23 and the broader Nifty gaining 16.95 points, or 0.08 per cent, to 22,487.45.