Mumbai, Jan. 31 -- The Indian rupee pared initial losses and settled for the day higher by 3 paise at 86.59 (provisional) against the US dollar, as the support from positive domestic equities was negated by unabated foreign fund outflows and month-end dollar demand. Indian shares ended higher for a fourth straight session on Friday, with optimism around upcoming Union Budget and expectations for a rate cut by RBI next week helping underpin sentiment. Investors also reacted positively to the Economic Survey 2025 tabled in the Parliament today that pegged GDP growth at 6.3-6.8 percent for FY 26. The Economic Survey highlighted many upsides to domestic investment, output growth and disinflation in FY26 but cautioned about equally strong, pro...
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