Rupee ends 3-day losing streak, jumps 50 paise to Rs 85.45 against US dollar

The Indian rupee rebounded strongly, appreciating by 50 paise to Rs 85.45 against the US dollar, driven by a weaker dollar index and robust domestic equity market performance. Positive global risk sentiment and central bank initiatives further supported the rupee, offsetting concerns from crude oil prices and foreign fund outflows. The currency saw its largest single-day gain since November 2022.