Economic TimesLean R·
Rupee rallies 21 paise to 96.24 against US dollar on lower oil prices and forex inflows
The rupee strengthened by twenty-one paise, closing at ninety-six point twenty-four on Tuesday. Lower oil prices reduced demand for the US dollar, supporting the local currency. Dedicated programs aimed at drawing forex inflows have garnered nearly twenty-one billion dollars. State-run banks sold dollars, providing support around ninety-six point forty-two levels. The currency traded within a narrow range throughout the trading session.
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