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Rupee internationalisation is set to enable authorised dealer banks -- or commercial banks authorised by the RBI&nbsp;to conduct forex transactions --&nbsp;in India and their overseas branches in these three countries to lend in rupee to persons resident in Bhutan, Nepal and Sri Lanka.

<div>&nbsp;</div>

What is rupee internationalisation? 

The Indian rupee closed at Rs&nbsp;87.82 after a record best opening on Wednesday's session.

Rupee closes below 88 mark after rebounding three week high against US dollar

The Indian rupee rose to its highest level in three weeks while recovering for the third consecutive day. Earlier today, the rupee opened&nbsp;below the 88 mark for the first time in two weeks amid US Fed rate discussion and India-US trade&nbsp;talk&nbsp;resumption.

Rupee rises to three-week high on US trade deal optimism, continues to recover for the third consecutive day

The rupee began Wednesday's session on a stronger note against the greenback, opening at&nbsp;the&nbsp;87.82 mark.&nbsp;

Rupee strengthens vs dollar ahead of Fed rate decision: Key factors at play today

At the interbank foreign exchange market, the rupee opened at 85.91 and rose to 85.87, marking an improvement from Wednesday’s close of 86.08.&nbsp;

Currency Market News: Rupee gains 21 paise to 85.87 against US dollar

The Indian rupee fell to a five-month low against the US dollar amid rising crude oil prices and US-Iran tensions. Domestic stocks dropped as markets brace for geopolitical impacts.

Rupee drowns, closes at five-month low vs dollar amid Middle East tensions

At the interbank foreign exchange, the domestic currency opened at 85.96 and moved within a range of 85.96 to 86.28 during the session before closing at 86.23, down from Monday’s close of 86.04.

Currency Market News: Rupee falls 19 paise to 86.23 vs US dollar

Forex traders noted that increased month-end dollar demand lent strength to the American currency, putting pressure on the local unit.

Currency Market News: Rupee pares losses, settles flat at 85.40 against dollar

On Wednesday, the Indian rupee had posted a sharp 42-paise jump to close at 84.54.&nbsp;

Currency Market News: Rupee hits 7-month high before retreating; closes nearly flat at 84.53 vs US dollar

At the interbank foreign exchange, the rupee opened at 85.06 and witnessed an intra-day high of 84.96 and a low of 85.40 against the US dollar.&nbsp;

Currency Market News: Rupee ends marginally lower at 85.25 against US dollar 

Forex traders attributed the rupee's decline to escalating geopolitical tensions, particularly following a terrorist attack in Pahalgam, Jammu &amp; Kashmir, which weighed on market sentiment.&nbsp;

Currency Market News: Rupee dips by 7 paise, ends at 85.40 vs dollar

Forex analysts noted that India is emerging as a symbol of “quiet strength,” supported by improving macroeconomic fundamentals and increasing global interest.&nbsp;

 Currency Market News: Rupee jumps 25 paise to 85.08 vs dollar amid foreign inflows

At the interbank foreign exchange market, the rupee opened at 85.60 and traded in a narrow band, touching a high of 85.25 and a low of 85.67 during the session.

 Currency Market News: Rupee rebounds 16 paise to 85.29 against US dollar 

At the interbank foreign exchange, the rupee opened at 85.11 and moved between 85.07 and 85.23 through the day, ultimately ending its five-day winning streak.

 Currency Market News: Rupee ends 8 paise lower at 85.23 against US dollar

At the interbank foreign exchange market, the rupee opened at 85.11 and later declined to 85.19 against the US dollar, marking a 4 paise drop from its previous close.

Currency Market News: Rupee slips 4 paise to 85.19  vs US dollar

RBI Governor Sanjay Malhotra said at the 24th FIMMDA-PDAI Annual Conference in Bali on Friday that the growth-inflation balance has improved significantly, with headline inflation projected to align with the 4 per cent target in FY26.

India’s 6.5% GDP growth projected for FY26, despite global challenges: RBI Governor Sanjay Malhotra

The domestic currency opened at 85.48 at the interbank foreign exchange and later slipped slightly to 85.54, still marking a 10-paise gain from its previous close.&nbsp;

 Currency Market News: Rupee strengthens for fourth day, rises 10 paise to 85.54 vs dollar

Where did the strong recovery in rupee come from? Where is the rupee getting support from?  How is the future outlook of the rupee?

Where is the rupee getting support from?

On Thursday, the rupee depreciated 21 paise to close at 86.61 against the US dollar.&nbsp;

Rupee gains 3 paise to 86.58 against US dollar in early trade 

The RBI monitors key developments across the globe which may have an impact on USD-INR exchange rate, said&nbsp;Minister of State for Finance Pankaj Chaudhary.

Rupee value market-determined with no target: Minister of State for Finance 

forex-market

Rupee internationalisation is set to enable authorised dealer banks -- or commercial banks authorised by the RBI to conduct forex transactions -- in India and their overseas branches in these three countries to lend in rupee to persons resident in Bhutan, Nepal and Sri Lanka.
 

The Indian rupee closed at Rs 87.82 after a record best opening on Wednesday's session.

The Indian rupee rose to its highest level in three weeks while recovering for the third consecutive day. Earlier today, the rupee opened below the 88 mark for the first time in two weeks amid US Fed rate discussion and India-US trade talk resumption.

The rupee began Wednesday's session on a stronger note against the greenback, opening at the 87.82 mark. 

At the interbank foreign exchange market, the rupee opened at 85.91 and rose to 85.87, marking an improvement from Wednesday’s close of 86.08. 

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Forex Market

What is rupee internationalisation?

Rupee closes below 88 mark after rebounding three week high against US dollar

Rupee rises to three-week high on US trade deal optimism, continues to recover for the third consecutive day

Rupee strengthens vs dollar ahead of Fed rate decision: Key factors at play today

Currency Market News: Rupee gains 21 paise to 85.87 against US dollar

Rupee drowns, closes at five-month low vs dollar amid Middle East tensions

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Groww continues debut surge; stock climbs 10% to new high, up 46% since listing

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