<h1>Rupee Strengthens by 22 Paise to 87/USD Amid Strong Data, Lower Oil Prices; Inflation Hits 7-Month Low</h1> The rupee appreciated by 22 paise to settle at 87 against the US dollar, driven by strong macroeconomic data and declining crude oil prices. A weaker US dollar index also supported the local currency, although losses in domestic equities and ongoing foreign capital outflows limited gains. The rupee fluctuated throughout the day, reaching a high of 86.94 and a low of 87.15. The Indian Consumer Price Index-based retail inflation dropped to a seven-month low, while industrial production growth accelerated. Global trade tensions escalated with the US increasing tariffs on steel and aluminum, prompting retaliatory measures from Canada and the EU.