Mumbai, March 13 -- India Rupee rose today, witnessing steady gains as the US dollar index lingered around a five month low of 103.30 and supportive economic cues boosted the sentiments. INR currently trades at 87.03 per US dollar, up 19 paise on the day. Data out yesterday showed that India's retail inflation eased to a seven-month low of 3.61% in February 2025, down from 4.31% in January, as food price pressures softened. This bought inflation below the Reserve Bank of India's (RBI) medium-term target of 4% for the first time since August 2024. Meanwhile, India's industrial output growth picked up to 5% year-on-year in January 2025, compared to 3.2% in December 2024.
Published by HT Digital Content Services with permission from Capital M...