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Indian Rupee Strengthens as GDP Growth Surges

Indian Rupee Strengthens as GDP Growth Surges

03 Mar, 2025

The Indian rupee gained 17 paise on March 3, reaching 87.3425 against the US dollar, thanks to a rebound in India's GDP growth. The economy grew by 6.2% in the last quarter, showing signs of recovery after a drop to 5.6% in the previous quarter. This positive growth, though slightly below the expected 6.3%, supports the rupee and keeps the annual forecast at 6.5%. Currency experts believe this resilience in the economy is a reason for the rupee’s strength. As the dollar index also weakened, it further aided the rupee's performance in the currency market.

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