Rupee rises 26 paise on 7.8% GDP growth and strong portfolio inflows

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The Indian Rupee strengthened against the US dollar on Tuesday, gaining 26 paise. The appreciation was driven by robust domestic economic growth, recorded at 7.8%, along with healthy foreign portfolio inflows. MSCI-related investments provided additional support to the currency during the session. The rupee's gains came despite early weakness in domestic equity markets and selling activity by foreign institutional investors. The performance highlights India's economic resilience amid ongoing global market uncertainties.

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