According to reports, the Indian rupee appreciated by 5 paise to 86.26 against the US dollar in early trade on Tuesday. Key highlights:
• Rupee tracks positive trend in domestic equities.
• Forex traders cite global tariff uncertainty impacting currency markets.
• Brent crude oil price falls amid US-EU trade conflict concerns.
• FPI bids for dollars strong; RBI selling to protect rupee.
• All eyes on India-US trade talks ahead of August 1 deadline.
The rupee’s movement reflects market sentiment amid global trade tensions, with investors closely monitoring trade negotiations for potential impacts on Indian economy and currency stability.
Source: Business News Today, Latest Finance News | The Hindu