Rupee Gains On GST Optimism, Market Strength
The rupee appreciated 40 paise to close at 86.99 against the U.S. dollar, supported by GST restructuring hopes and strong domestic equities. Lower crude prices, easing US tariff concerns, and a weaker dollar also boosted sentiment. Analysts anticipate a positive trading bias, projecting that the rupee will fluctuate between the levels of 86.70 and 87.40.