Indian rupee appreciated against US dollar on Tuesday amid expectations of a rate cut by the Federal Reserve in the upcoming policy meeting. Traders took support as commerce ministry in its latest data has showed that India's merchandise exports rose 6.71 per cent to $35.1 billion in August 2025 as compared to $32.89 billion in August 2024. Imports declined by 10.12 per cent year-on-year to $61.59 billion in August 2025 as compared to $68.53 billion in August 2024. On the global front, U.S. dollar weakened against other major currencies in the Asian session on Tuesday, as traders have already factored in a rate cut by the US Fed as a 'certainty.'
Finally, the rupee ended at 88.09 (Provisional), appreciated by 07 paise from its previous close of 88.16 on Monday. The currency touched a high and low of 88.16 and 88.01 respectively.
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