Currency watch: Rupee climbs 16 paise to 87.47 against US dollar,...

Currency watch: Rupee climbs 16 paise to 87.47 against US dollar, crude slide and Fed cut hopes lift sentiment

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The rupee strengthened to 87.47 against the US dollar, boosted by a weaker greenback and positive domestic equity market sentiment. Easing crude oil prices and cooling inflation further supported the rupee. However, trade tariff uncertainties and foreign fund outflows limited gains. The Sensex and Nifty both saw significant gains, while foreign investors sold shares worth Rs 3,644.43 crore.

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