Indian rupee ended higher against the U.S. dollar on Tuesday tracking a firm trend in domestic equities amid stable global crude oil prices. Traders took support after Reserve Bank of India (RBI) said India recorded a current account surplus of $5.7 billion or 0.6 per cent of GDP in the March quarter. In the year-ago period, the current account deficit stood at $1.3 billion or 0.2 per cent of GDP. It added for FY24, the current account deficit narrowed to $23.2 billion or 0.7 per cent of GDP against $67 billion or 2 per cent of GDP in FY23. On the global front, the dollar attempted to break above the key 160 yen level on Tuesday but with little success as fears of intervention from Japanese officials deterred traders from punishing the yen too severely against other currencies.
Finally, the rupee ended at 83.43 (Provisional), stronger by 5 paise from its previous close of 83.48 on Monday. The currency touched a high and low of 83.48 and 83.41 respectively.
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