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Rupee appreciates on Thursday amid robust macroeconomic data
Mar-13-2025

Indian rupee appreciated against the U.S. dollar on Thursday following robust macroeconomic data and easing crude oil prices. Traders got support as Consumer Price Index (CPI)-based retail inflation slipped to a seven-month low of 3.61 per cent in February mainly due to easing prices of vegetables, eggs, and other protein-rich items, creating space for the RBI to go for another cut in interest rate next month. Besides, India's industrial output, measured by the Index of Industrial Production (IIP) grew by 5.0 per cent in January, from 3.5 per cent in December 2024.  On the global front, euro weakened against other major currencies in the European session on Thursday, as investors remain cautious about the outlook for the EU-US trade relationship.

Finally, the rupee ended at 87.05 (Provisional), appreciated by 17 paise from its previous close of 87.22 on Wednesday. The currency touched a high and low of 87.15 and 86.94 respectively.

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