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.
The Indian rupee strengthened for the fifth consecutive session, closing at 94.33 against the dollar, reaching a six-week high. This rally was supported by Brent crude oil prices falling below $78 per barrel and the unwinding of long dollar positions. The Reserve Bank of India…
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