Indian rupee strengthened against the U.S. dollar on Thursday as investors were hopeful of a fresh round of negotiations between Iran and the U.S. Besides, fresh foreign capital inflows supported the rupee. The foreign institutional investors were the net buyer on Wednesday’s session with net buying of securities worth Rs 666.15 crore. Sentiments also remained optimistic with Commerce Secretary Rajesh Agrawal’s statement that India and the UK Free Trade agreement (FTA), signed in July 2025, is likely to come into force from May 2026. He also expressed hope that FTA with Oman would come into force by June 1. He further said that the country’s FTA with New Zealand to be signed on April 27, 2026.  On the global front, the euro has strengthened against the dollar on Thursday, to trade near $1.18, supported by broad-based dollar weakness amid optimism that diplomatic efforts could bring an end to the conflict in West Asia.

Finally, the rupee ended at 93.10 (Provisional), strengthened by 23 paise from its previous close of 93.33 on Wednesday. The currency touched a high and low of 93.35 and 93.10 respectively.