The Indian rupee is seen recovering in opening trades on Thursday, loosing for higher start to local equities tracking positive global cues and positive macros. The domestic unit commenced at Rs 87.13 and is currently at 87.10, up 12 paise from yesterday. Asian markets were mixed this morning as U.S. President Donald Trump escalated global trade tensions by threatening more tariffs on EU goods. Trump also hinted at financial repercussions if Russia rejects the Ukraine ceasefire proposal. On the domestic economic front, India's retail inflation eased to a seven-month low of 3.61 per cent in February 2025, down from 4.31 per cent in January, as food price pressures softened, according to government data released on Wednesday. This brings inflation below the Reserve Bank of India's (RBI) medium-term target of 4 per cent for the first time since August 2024. The Consumer Price Index (CPI)-based inflation remained well within the RBI's tolerance band of 2-6 per cent. Meanwhile, India's industrial output growth picked up to 5 per cent year-on-year in January 2025, compared to 3.2 per cent in December 2024.

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