Indian rupee appreciated against the US dollar on Wednesday as foreign fund inflows boosted investor sentiments. US President Donald Trump’s statement that tariff talks with India are in a positive direction enthused investors. Traders took note of finance ministry’s report stating that with the right strategies in place, continued domestic reforms, and a strong focus on infrastructure development and job creation, Indian economy can demonstrate resilient growth despite global uncertainties. On the global front, Japanese yen weakened against other major currencies in the European session on Wednesday as European stock markets traded higher amid expectations of a potential trade deal with the United States.
Finally, the rupee ended at 84.54 (Provisional), appreciated by 42 paise from its previous close of 84.96 on Tuesday. The currency touched a high and low of 85.15 and 84.47 respectively.
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