<h1>Domestic currency gains 16 paise vs. US dollar amid low inflation and weak crude prices</h1> The domestic currency appreciated by 16 paise against the US dollar, closing at 87.47, influenced by a weaker US dollar, declining crude oil prices, and reduced domestic inflation. Inflation data showed retail inflation at an eight-year low, supporting the currency's strength. However, uncertainties related to trade tariffs and foreign institutional investor outflows limited further gains. The central bank is tasked with maintaining inflation within a specified target range. Equity markets showed positive momentum despite significant foreign investor sell-offs. Market analysts noted that expectations of a US interest rate cut and favorable domestic economic indicators contributed to the currency's appreciation, though geopolitical events and trade tensions remain potential risks.