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Indian rupee appreciates on Tuesday amid weakness in American currency

15 Jul 2025 Evaluate

Indian rupee appreciated against US dollar on Tuesday tracking the weakness of the greenback in the overseas market and a decline in global crude oil prices. Traders took support as India's retail inflation, as measured by the Consumer Price Index (CPI), came down to 2.10 per cent in June 2025 from 2.82 per cent in May 2025 mainly due to subdued prices of food items. The CPI-based inflation was 5.08 per cent in June 2024. Inflation for the month of June is the lowest year-on-year inflation after January, 2019. On the global front, Japanese yen weakened against other major currencies in the European session on Tuesday, as European stocks traded higher despite lingering concerns about U.S. President Donald Trump's tariff plans and aggressive negotiation tactics.

Finally, the rupee ended at 85.87 (Provisional), appreciated by 05 paise from its previous close of 85.92 on Monday. The currency touched a high and low of 85.97 and 85.75 respectively.

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