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Rupee appreciates against US dollar amid selling in American currency
Mar-07-2025

Indian rupee appreciated against the US dollar on Friday as the American currency index declined to its five-month-low level. Traders took support as Crisil Intelligence in a report has said that India’s real gross domestic product (GDP) growth would be steady at 6.5 per cent in fiscal 2026 despite uncertainties stemming from geopolitical turns and trade-related issues led by US tariff actions. CRISIL’s forecast for India’s economy depends on two key factors. The rating agency anticipates that normal monsoon and commodity prices will continue to remain soft, which will keep the food prices stable. On the global front, Antipodean currencies such as the Australia and the New Zealand dollars weakened against other major currencies on Friday, following the release of China's trade data that showed a sharp slowdown in exports growth and an unexpected fall in imports during the January to February period.

Finally, the rupee ended at 86.95 (Provisional), appreciated by 17 paise from its previous close of 87.12 on Thursday. The currency touched a high and low of 87.22 and 86.88 respectively.

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