Rupee rises 20 paise to 94.79 against US dollar on RBI support

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The Indian rupee strengthened by 20 paise on Friday, reaching 94.79 against the US dollar. The gains extended momentum from the previous session. A weaker greenback and intervention by the Reserve Bank of India supported the currency. However, rising crude oil prices limited how far the rupee could advance. Domestic equity markets continued to perform positively during the same period.

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