Indian rupee appreciated against the U.S. dollar on Thursday supported by robust foreign fund inflows into domestic equities. Traders got encouragement as an UN report said that India is expected to grow by 6.5 per cent in 2025 on the back of continued robust public spending and ongoing monetary easing, even as the world economy is on a recessionary trajectory, driven by escalating trade tensions and persistent uncertainty. Meanwhile, retail inflation in India, as measured by the Consumer Price Index (CPI), which reflects the cost of everyday goods and services, fell to a remarkable 4.6% in the fiscal year 2024-25, the lowest since 2018-19. On the global front, Australian dollar weakened against other major currencies in the Asian session on Thursday, following the release of Australia's employment data showing a smaller-than-expected rise in employment in March.
Finally, the rupee ended at 85.39 (Provisional), appreciated by 25 paise from its previous close of 85.64 on Wednesday. The currency touched a high and low of 85.62 and 85.31 respectively.
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