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Rupee appreciates against US dollar amid selling in American currency
Feb-14-2025

Indian rupee appreciated against the US dollar on Friday amid easing American currency. Traders got support as inflation based on wholesale price index (WPI) in India slowed down in the month of January to 2.31% as against 2.37% recorded in December 2024, aided with easing prices of food articles. Meanwhile, Finance Minister Nirmala Sitharaman has said the government will continue to take measures to check inflation and ensure that citizens are not burdened. On the global front, Sterling rose to its strongest level against the dollar on Friday, after UK GDP data earlier this week sweetened the mood around the strength of the British economy, while the dollar weakened on some relief over U.S. tariff threats.

Finally, the rupee ended at 86.80 (Provisional), appreciated by 13 paise from its previous close of 86.93 on Thursday. The currency touched a high and low of 86.90 and 86.79 respectively.

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