The rupee rose 40 paise to close at 94.71 against the US dollar, hitting a five-week high as easing geopolitical tensions in West Asia boosted market sentiment. Falling global oil prices and expectations of stronger foreign inflows supported the currency, which traders say may extend gains amid improved risk appetite.
The Indian Rupee surged 40 paise to 94.71 against the US dollar, marking a five-week high. This strength is attributed to easing geopolitical tensions in West Asia, which has significantly boosted market sentiment. Additionally, falling global oil prices and expectations of…
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