Fri Apr 11 11:43:39 UTC 2025: ## Rupee Soars Against Dollar After US Tariff Suspension
**Mumbai, April 11, 2025** – The Indian rupee surged to a significant high against the US dollar on Friday, closing at 86.07, a 61 paise increase. This dramatic rise follows the US President Donald Trump’s decision to suspend 26% tariffs on Indian goods until July 9th, and a sharp decline in the US dollar index.
The dollar index, which measures the US dollar’s strength against six major currencies, plummeted 1.52% to 99.335, its lowest point in three years. This fall is attributed, in part, to ongoing trade tensions, particularly China’s imposition of a 125% tariff on US exports.
Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP, attributed the rupee’s strength to the immediate selling off of the dollar as the index fell below 100. He forecasts the rupee to trade between 85.75 and 86.25 next week.
The Indian equity market also saw significant gains, with the BSE Sensex jumping 1,310.11 points to 75,157.26 and the Nifty rising 429.40 points to 22,828.55. Brent crude oil saw a marginal increase, rising 0.08% to $63.38 per barrel. Despite these positive trends, foreign institutional investors offloaded equities worth ₹4,358.02 crore on Wednesday.
First Piper 