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Rupee rises 47 paise on record FCNR inflows and RBI support

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The Indian rupee strengthened by 47 paise on Thursday, driven by a surge in foreign-currency non-resident (FCNR) deposits that improved overall forex liquidity. The record inflows helped cushion the currency against prevailing global economic headwinds. The Reserve Bank of India also intervened in the market, further supporting the rupee's upward movement. Adding to the positive momentum, domestic equity markets opened on a strong note, reflecting broadly optimistic investor sentiment.

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Rupee rises 47 paise on record FCNR inflows and RBI support · ShortSingh