Indian rupee depreciated against the US dollar on Tuesday amid escalating Iran-Israel war and a strengthening dollar. Traders were worried as commerce ministry in its latest data has showed that India's merchandise exports to the US rose by 16.93 per cent to $8.83 billion in May 2025, while imports dipped by 5.76 per cent to $3.62 billion during the month. During April-May, the country's exports to the US increased by 21.78 per cent to $17.25 billion, while imports rose by 25.8 per cent to $8.87 billion. On the global front, Japanese yen recovered slightly from recent lows against other major currencies in the Asian session on Tuesday, after the Bank of Japan decided to maintain its interest rate and to reduce the pace of the amount of bond purchases from April next year.
Finally, the rupee ended at 86.25 (Provisional), depreciated by 20 paise from its previous close of 86.05 on Monday. The currency touched a high and low of 86.28 and 85.89 respectively.
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