<ul><li>The Indian rupee appreciated by 28 paise at market close on Tuesday as the dollar remained little changed amid lower oil prices and recessionary fears.</li><li>Rupee closed at 85.77 against the US dollar, slipping below the psychological level of 86 after three consecutive sessions.</li><li>Due to recent economic data, India's industrial production growth slowed to 2.9% in February, signaling a loss in domestic economic momentum.</li><li>Rupee is expected to face strong resistance at 86.40-86.50 levels and likely to move towards 85.50 levels.</li></ul>

Rupee Slips Below 86 Mark To Close Stronger As Dollar Under Pressure

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