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Rupee strengthens against US dollar on Wednesday
short by / on Wednesday, 16 April, 2025
The Indian rupee strengthened on Wednesday as the US dollar weakened globally. Positive sentiment was driven by strong FII inflows of ₹6,065.78 crore, easing crude prices, and soft inflation data. India's retail inflation fell to a 5-year low of 3.34%, while WPI eased to a 6-month low of 2.05% in March. Markets await US tariff talks outcome.