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Rupee trades flat against US dollar in early trade on Thursday
Apr-16-2026
The Indian rupee was trading flat against the US dollar in early trade on Thursday, buoyed by a softer American currency amid expectations that the US and Iran may extend their ceasefire by two weeks, helping to stabilize global financial markets. Reports also indicated that Iran may consider allowing ships to transit freely via the Omani side of the Strait of Hormuz if a deal is reached to prevent renewed hostilities. Meanwhile, the data showed that the Wholesale Price Index (WPI)-based inflation rose sharply to an over 3-year high of 3.88% in March, while Consumer price index-based retail inflation increased to 3.4% in March, up from 3.21% in the preceding month.

The partially convertible currency is currently trading flat at its previous close of 93.33 on Wednesday. The currency touched a high and low of 93.34 and 93.24 respectively.

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