<h1>Rupee Gains for Third Day Amid Strong Economic Data; Retail Inflation at 2.99%, Sensex Rises 165 Points.</h1> The rupee appreciated by 23 paise to 64.08 against the US dollar, driven by favorable economic data, marking its third consecutive day of gains. Retail inflation dropped to 2.99% in April from 3.90% in March, while wholesale inflation hit a four-month low at 3.85%. However, industrial output growth decreased to 2.7% in March. A strong opening in domestic stocks and ongoing foreign capital inflows supported the rupee, though its progress was limited by the dollar's strength overseas. The Sensex increased by 165.90 points, or 0.55%, reaching 30,354.05 in early trading.