Mumbai: The Indian rupee appreciated by 25 paise to 74 against the US dollar in early trade on Tuesday tracking positive opening in domestic equities and the Reserve Bank of India’s liquidity enhancing measures.

India's annual rate of inflation, based on monthly wholesale price index (WPI), for February 2020, stood at 2.26 per cent over February 2019.

The Apparel Export Promotion Council (AEPC) has advised its members to diversify the sources of raw materials for apparel manufacturing as the supply from China has been disrupted in the wake of the coronavirus pandemic.

ICRA expects the Indian apparel exporters to report a moderation in profitability in FY2020, with pressures likely to sustain at least in the near term, and the turnover growth to be subdued, except for a few larger players with an established client base.