2025-08-12 11:14:32 am | Source: Accord Fintech
Rupee strengthens against US dollar on Tuesday
The Indian rupee strengthened against the US dollar on Tuesday, tracking steady domestic equities and softer American currency overseas ahead of the US CPI inflation data, which will signal how far the Federal Reserve may cut rates this year. However, some gains were limited by foreign fund outflows and uncertainty over the trade tariffs issue between India and the United States. Foreign Institutional Investors offloaded equities worth Rs 1,202.65 crore on Monday, exchange data showed.
The partially convertible currency is currently trading at 87.62, stronger by 13 paise from its previous close of 87.75 on Monday. The currency touched a high and low of 87.7250 and 87.60 respectively.
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