2025-10-07 12:17:25 pm | Source: Accord Fintech
Rupee strengthens against US dollar on Tuesday
The Indian rupee strengthened against the US dollar on Tuesday as traders anticipated support from potential foreign inflows linked to ongoing IPOs during the week. Meanwhile, firm American currency, unabated outflow of foreign capital and uncertainties looming over the India-US trade deal kept the rupee under pressure to some extent. Foreign institutional investors offloaded equities worth Rs 313.77 crore on a net basis on Monday, according to exchange data.
The partially convertible currency is currently trading at 88.72, stronger by 2 paise from its previous close of 88.74 on Monday. The currency touched a high and low of 88.7675 and 88.72 respectively.
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