Rupee edges up to 96.49 against dollar but rising crude oil caps gains

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The Indian rupee posted a modest gain against the US dollar on Thursday, touching 96.49. However, rising crude oil prices continued to weigh on the currency, limiting further appreciation. The Reserve Bank of India was expected to step in to prevent sharper declines. Foreign investors displayed mixed sentiment across Indian equities and bond markets. Domestic stock indices opened in negative territory, adding to the cautious market mood.

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