Rupee gains 26 paise as 7.8% GDP growth offsets global market jitters

On Tuesday, the Indian Rupee showcased its strength, appreciating against the US dollar. This upward shift is attributed to vigorous domestic economic growth alongside strong portfolio inflows. Notably, the rupee found temporary support from MSCI-related investments, overcoming the initial sluggishness in domestic stocks and foreign institutional selling. This performance reflects India’s robust economic resilience in the face of global uncertainties.