Rupee rises 14 paise to close at 94.59 against US dollar

Thursday marked the fifth consecutive day of appreciation for the Indian rupee, which increased by fourteen paise, closing at 94.59 against the US dollar. This positive shift was largely due to substantial inflows from foreign currency deposits, with a remarkable total of USD 127.23 billion raised through enhanced central bank programs. Meanwhile, the domestic equity markets faced a downturn during the session.

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