Indian rupee showed mild strength against the U.S. dollar on Monday. Investors were optimistic about India-New Zealand free trade agreement (FTA) after Commerce and Industry Minister Piyush Goyal said that the FTA with New Zealand, which is scheduled to be signed on April 27, 2026 is expected to boost trade between India and New Zealand in the coming months. However, the market participants were cautious about continuous capital outflows from foreign institutional investors (FIIs). FIIs have sold securities worth Rs 8,827.87 crore on April 24, 2026. On the global front, the euro has strengthened against the dollar on Monday, to trade above $1.17, ahead of release of slew of economic data this week, including Eurozone inflation and GDP data, and global interest rate decisions.

Finally, the rupee ended at 94.15 (Provisional), strengthened by 1 paisa from its previous close of 94.16 on Friday. The currency touched a high and low of 94.28 and 94.11 respectively.