Rupee ends at 87.01 vs US dollar, gains 20p from previous close

India’s rupee strengthened by 20 paise against the US dollar, closing at 87.01 following positive retail inflation data. February’s CPI reduced to 3.61% from January’s 4.26%, prompting market speculations of potential rate cuts. The rupee’s gains were trimmed late in the day due to dollar buying, with weak market flows ahead of the Holi holiday.

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