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of <h1>Rupee Gains 61 Paise to 86.84 vs USD as RBI Sells $2-3 Billion Amid Trade War Fears</h1> The rupee appreciated by 61 paise to 86.84 against the US dollar in early trade, recovering from a near 88-level on Monday due to volatility from trade war fears. This depreciation was mainly due to threats of reciprocal tariffs affecting global supply chains. The Reserve Bank of India intervened, selling USD 2-3 billion to stabilize the rupee. The US dollar index increased amid escalating trade tensions, and Brent crude rose slightly. Meanwhile, domestic equity markets saw declines, with the BSE Sensex and Nifty both down, while foreign institutional investors sold equities worth Rs 2,463.72 crore.
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