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Indian rupee strengthens against US dollar on Tuesday

01 Sep 2026 Evaluate

Indian rupee has strengthened against US dollar on Tuesday as investors remained optimistic after India's Gross Domestic Product (GDP) growth surged to 7.8% in April-June quarter (first quarter) of current fiscal year 2026-27 (Q1FY27), from 6.9% in Q1FY26. The Indian economy has sustained growth momentum despite global headwinds. The growth rate is well above the Reserve Bank of India’s 7.0% projection for the quarter ended June. On the global front, euro has weakened against US dollar on Tuesday after Eurozone annual inflation accelerated to 3.3% in August 2026 from 2.9% in July.

Finally, the rupee ended at 94.96 (Provisional), strengthened by 26 paise from its previous close of 95.22 on Monday. The currency touched a high and low of 95.10 and 94.79 respectively.