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Indian rupee depreciates on Tuesday
Sep-02-2025

Indian rupee depreciated against the US dollar on Tuesday amid Indo-US trade deal uncertainties and higher dollar demand from importers. Besides, ongoing foreign fund outflows also dampened investors’ sentiments. Foreign institutional investors (FIIs) offloaded shares worth Rs 1,429.71 crore on a net basis on Monday. Investors overlooked the report that India's current account deficit (CAD) narrowed to 0.2 per cent of GDP, or $2.4 billion, during the April-June period of 2025-26 compared to 0.9 per cent of the GDP, or $8.6 billion, in the year-ago period, helped by services exports. On the global front, British pound weakened against other major currencies in the European session on Tuesday, amid rising concerns about the UK government's ability to maintain fiscal discipline.

Finally, the rupee ended at 88.15 (Provisional), depreciated by 05 paise from its previous close of 88.10 on Monday. The currency touched a high and low of 88.20 and 87.86 respectively.

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