The Indian rupee gained strength against the US dollar on Friday, supported by strong domestic equity markets, renewed global optimism, and hopes of a US-India trade deal.
A record-high GST collection of Rs 2.37 lakh crore in April — up 12.6% from last year — further boosted confidence.
Foreign investments also played a key role, with foreign institutional investors purchasing shares worth Rs 50.57 crore and domestic investors buying Rs 1,792.15 crore in equities on April 30, 2025. Positive sentiment from ongoing US-China tariff talks added to the rupee’s rise.
As a result, the rupee appreciated by 69 paise, trading at 83.85 per US dollar compared to its previous close of 84.54. During the day, it moved within a range of 83.76 to 84.0025.
Overall, improved economic indicators and investor inflows contributed to the rupee's upward momentum.
