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Rupee appreciates against dollar on Thursday
Jul-10-2025

Indian rupee appreciated against the U.S. dollar on Thursday supported by US-India trade deal optimism, even as domestic equity markets were closed in the negative territory. Traders got support as T.K. Ramachandran, Secretary, Ministry of Ports, Shipping and Waterways, Government of India, has said that India has become the fourth-largest economy, having surpassed $4 trillion and is witnessing a rapid surge in foreign investments. Traders took note of report that Prime Minister Narendra Modi held talks with Namibian President Netumbo Nandi-Ndaitwah focused on imparting a new momentum to the bilateral ties. On the global front, commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the European session on Thursday, as traders were optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition.

Finally, the rupee ended at 85.70 (Provisional), appreciated by 3 paise from its previous close of 85.73 on Wednesday. The currency touched a high and low of 85.70 and 85.53 respectively.

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