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Rupee ends substantially higher against greenback
Aug-19-2025

Rising for second straight session, Indian rupee strengthened substantially against dollar on Tuesday, owing to dollar sale by exporters and banks. Foreign fund inflow and strong gains in equity market supported the rupee. Foreign institutional investors turned net buyers after 4 sessions, purchasing Indian equities worth Rs 551 crore on Monday. Traders got support as Ministry of Statistics and Programme Implementation (MoSPI) survey has revealed that India’s unemployment rate for the month of June declined to 5.2 per cent. It was 5.6 per cent for the month of May. Traders took note of Commerce and Industry Piyush Goyal’s statement that the government is embarking on the next 100 Days Agenda of Transformation to take India on a fast track to developed nation. On the global front, the U.S. dollar slipped lower on Tuesday, handing back earlier gains amid caution following the conclusion of the White House summit on Ukraine.

Finally, the rupee ended at 87.08 (Provisional), appreciated by 31 paise from its previous close of 87.39 on Monday. The currency touched a high and low of 87.31 and 86.92 respectively. 


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