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Rupee gains slightly against US dollar despite external pressures

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The Indian rupee strengthened marginally against the US dollar on the reported day, opening at 96.71 and rising to 96.65. This uptick was attributed to intervention by the Reserve Bank of India. However, external factors including a strong US dollar and rising crude oil prices continued to exert pressure on the currency. Concerns about the rupee's stability persist as India's foreign exchange reserves have been declining.

Read the full story at Times of India

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Rupee gains slightly against US dollar despite external pressures · ShortSingh