The Indian rupee posted its largest single-day gain in over a month on Tuesday, closing 0.1% higher at 85.7125 per U.S. dollar, driven by a weaker dollar nearing a one-week low and dollar sales by foreign banks.
The dollar index dropped 0.3% to 107.9, while Asian currencies strengthened by 0.2% to 0.9%, amid speculation that U.S. President-elect Donald Trump’s trade tariffs might be less aggressive than initially feared.
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