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Rupee strengthened against US dollar in early trade on Friday
Jul-03-2026
The Indian rupee strengthened against the US dollar in early trade on Friday, as the American currency retreated from its recent 15-month high levels following weaker-than-expected US labor market data that scaled back expectations of aggressive Federal Reserve rate hikes this year. The US economy added 57,000 jobs last month, fewer than anticipated, while the unemployment rate dipped slightly to 4.2%. However, these gains were largely offset by persistent dollar demand from foreign banks and oil companies, as well as continued foreign investor outflows from Indian equities. Foreign institutional investors (FIIs) sold equities worth Rs 311.82 crore on a net basis on Thursday, exchange data showed.

The partially convertible currency is currently trading at 95.26, stronger by 9 paise from its previous close of 95.35 on Thursday. The currency touched a high and low of 95.32 and 95.16 respectively.

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