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Rupee appreciates against dollar on Wednesday
Sep-03-2025

Indian rupee appreciated against the US dollar on Wednesday on positive domestic equities, softening of crude oil prices and weak U.S. dollar index. Traders got support as India services sector growth reached a fifteen-year high in the month of August, on the back of surging new orders. According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index grew to 62.9 in August from 60.5 in July. Further, the HSBC India Composite PMI Output Index -- which measures both manufacturing and services -- also surged to 63.2 in August as against 61.1 in July, indicating the sharpest pace of expansion in over 17 years. On the global front, Ringgit ended higher against US dollar on Wednesday ahead of US labour data, which due in this week. 

Finally, the rupee ended at 88.03 (Provisional), appreciated by 12 paise from its previous close of 88.15 on Tuesday. The currency touched a high and low of 88.19 and 87.98 respectively.

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