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Rupee ends flat on Wednesday
Mar-12-2025

Indian rupee ended flat on Wednesday amid muted trend in domestic markets. Traders took note of report that Reserve Bank of India (RBI) has said that with the normalisation of post-pandemic pent-up demand conditions, the growth in net sales of select FDI companies moderated to 9.3 per cent during 2023-24 from the high of 20.3 per cent in the previous year. The paid-up capital (PUC) of these companies amounted to Rs 5,30,160 crore, which accounted for 51.1 per cent of the total PUC of FDI companies that had reported in the 2023-24 round of the RBI's annual census of foreign liabilities and assets of Indian direct investment companies. On the global front, Japanese yen weakened against other major currencies in the European session on Wednesday, as European shares traded higher after Ukraine signaled its readiness to accept a U.S. proposal for an ‘immediate, interim 30-day ceasefire’ with Russia, and the European Union announced retaliatory tariffs on U.S. imports of steel and aluminum.

Finally, the rupee ended at 87.22 (Provisional), depreciated 1 paisa from its previous close of 87.21 on Tuesday. The currency touched a high and low of 87.32 and 87.17 respectively.

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