Indian rupee appreciated against the U.S. dollar on Thursday supported by positive domestic equities and FII inflows. Some support came as Moody's Investors Service and its local arm ICRA Ratings have said that Indian enterprises are well positioned to handle the impact of tariffs and geopolitical tensions. Besides, Foreign Institutional Investors (FIIs) turned buyers on Wednesday. They bought equities worth Rs 1,076.18 crore, according to exchange data. On the global front, ringgit closed higher against the US dollar on Thursday, supported by a weaker greenback following downbeat United States economic data, as investors shifted into risk-on mode.
Finally, the rupee ended at 85.80 (Provisional), appreciated by 7 paise from its previous close of 85.87 on Wednesday. The currency touched a high and low of 85.96 and 85.67 respectively.
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