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Rupee appreciates on Tuesday amid positive domestic equity markets
Apr-15-2025

Indian rupee appreciated against the US dollar on Tuesday amid positive domestic equity markets and a weak American currency. Traders got support as inflation based on wholesale price index (WPI) in India eased to 2.05% in March from 2.38% in February, mainly on account of fall in prices of crude petroleum & natural gas, non-food articles and food articles. Besides, exuding confidence in price competitiveness and continued government support, industry body -- PHD Chamber of Commerce and Industry (PHDCCI) said that the reciprocal tariffs imposed by US President Donald Trump will impact only 0.1 per cent of the Indian Gross Domestic Product (GDP). On the global front, British pound strengthened against other major currencies in the European session on Tuesday, following the release of the upbeat U.K. labor market data for the three months ending February.

Finally, the rupee ended at 85.81 (Provisional), appreciated by 29 paise from its previous close of 86.10 on Friday. The currency touched a high and low of 85.85 and 85.59 respectively.

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