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Rupee rises for fifth day, rallies to 6-week high
The Indian rupee strengthened for the fifth consecutive session, closing at 94.33 against the dollar. This gain to a six-week high was supported by Brent crude oil prices falling below $78 per barrel and the unwinding of long dollar positions. The Reserve Bank of India intervened to absorb dollars as the rupee reached an intraday high.
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economictimes.indiatimes.com
Rupee touches six-week high on oil slump, RBI effect lingers
The Indian rupee strengthened to a six-week high, buoyed by falling Brent crude prices below $80 a barrel and supportive central bank measures. Recent steps to attract dollar…
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Rupee hits six-week high on RBI measures and dollar inflow hopes
The rupee extended its gains to close at 94.53 against the US dollar, supported by RBI measures to boost foreign currency inflows, softer crude prices and expectations of stronger…
