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Rupee ends marginally higher against greenback
Aug-20-2025

Indian rupee pared initial losses and settled marginally higher against the US dollar on Wednesday, on the back of a rise in risk appetite in global markets. Easing tensions over trade tariffs and hopes of peace between Russia and Ukraine enthused investors. Traders took support with S&P Global Ratings Director YeeFarn Phua stating that the proposed 2-tier Goods and Services Tax (GST) structure could lower effective taxation rate and boost fiscal revenues over the longer term. However, gains remained capped as some concern came with exchange data showing that Foreign Institutional Investors offloaded equities worth Rs 634.26 crore on Tuesday. On the global front, the U.S. dollar was little changed on Wednesday, as traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium later this week for clues on the monetary policy path.  

Finally, the rupee ended at 87.08 (Provisional), appreciated by 5 paise from its previous close of 87.13 on Tuesday. The currency touched a high and low of 87.16 and 86.98 respectively. 


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