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Rupee depreciates on Wednesday amid ongoing geopolitical tensions
Jun-18-2025

Indian rupee depreciated against the US dollar on Wednesday amid the ongoing geopolitical tensions in the Middle East. Traders overlooked Chief Economic Advisor (CEA) V Anantha Nageswaran’s statement that India remains a rare ‘bright spot’ in a world facing growing uncertainty. He said that while conflicts and disruptions have been part of the global scene since 2022, they have become more intense and unpredictable, making the overall environment -- whether political, economic or security-related--far more difficult for growth across the world. Besides, India's export trajectory from 2010 to 2023 has shown a consistent and steady upward trend, reflecting the resilience and dynamism of its trade sector. On the global front, British pound recovered slightly from an early low against other major currencies in the European session on Wednesday, following the release of U.K. consumer price inflation data in May.

Finally, the rupee ended at 86.43 (Provisional), depreciated by 09 paise from its previous close of 86.34 on Tuesday. The currency touched a high and low of 86.57 and 86.25 respectively.

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