Rupee drops 51 paise to ?87.23 Against US Dollar Amid Uncertainties– Market Update

The Indian rupee plummeted 51 paise to ?87.23 against the US dollar?in early trade on Tuesday, February 25, 2025. This depreciation came against a backdrop of a strengthening US dollar due to demand from importers amid the uncertainties looming around the US trade tariffs,

Continued Foreign Institutional Investors (FIIs) outflows also played a role in the fall of the Indian rupee.

Factors influencing the Rupee’s?Performance

• Global Oil?Benchmark: Brent crude was dropped 0.51 per cent lower at $71.69 per barrel in futures trade.
• Dollar?Index: The dollar index, which shows the strength of the greenback, rose 0.04 per cent to 106.64.
• FII Flows: FIIs accounted for up to ?6,286.70 crore worth of equities offloaded in the previous session according to the exchange data.

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