Rupee Strengthens to 82.50

INR hits 82.50 against USD as IT services exports and remittances hit record highs.

Indian rupee strengthened to 82.50 against USD, best level in 18 months.

IT services exports hit $200 billion annual run rate. Remittances from Gulf nations reached record $120 billion.

RBI intervened minimally, allowing market forces to drive appreciation. Exporters express concern over margins.

Gold imports declined 15% as stronger rupee made bullion cheaper in local terms.

Economists expect rupee to stabilise between 82-84 range through 2026.

Rupee Strengthens Against Dollar Amid Export Surge