Rupee rises 12 paise to 86.25 against US dollar in early trade today

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The rupee appreciated 12 paise to 86.25 against the US dollar in early trade on Thursday, tracking positive domestic equities and the weakness of the American currency in the overseas market.

However, risks remain due to unabated foreign institutional investor sell-off and uncertainty surrounding Trump's tariff stance could pose challenges to the rupee's upward momentum.

Forex traders said the Indian rupee has staged a counterattack against external pressures, gaining support from strong foreign inflows into debt markets.

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Category: BusinessFinance

Markets: India

Topics: Indian rupee FX Spot Rate The RBI March Bulletin Currency Forex Advisors Managing Director Oil benchmark United States dollar Rupee US Dollar DXY US DOLLAR CURRENCY INDEX Foreign exchange market US Dollar/Indian Rupee FX Spot Rate Dollar Paisa RBI March Bulletin THOMSON REUTERS Indian Rupee Coins of India NIFTY 50 INDEX Amit Pabari

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Article Type: News Report

Published On: 2025-03-20 @ 11:25:47 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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