Rupee rises for fourth session straight, hits 83.77 against dollar

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The Indian rupee strengthened for the fourth consecutive session on Wednesday, gaining five paise against the US dollar. The currency was supported by a weakening American dollar and crude oil prices holding below the $90 mark. Positive momentum in domestic equity markets further aided the rupee's upward movement. Foreign institutional investors also contributed to the gains through continued buying activity. Market participants remained watchful of movements in the dollar index and global crude oil prices.

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