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Rupee posts longest winning run in a year on exporter flows, bank dollar sales

The Indian rupee strengthened against the U.S. dollar for the fifth day straight, marking its longest rally in a year. Lenders and exporters aggressively reduced their dollar holdings. The rupee closed higher, recovering from an initial dip. This upward movement was driven by fixing-related selling and strong exporter support. Declining crude oil prices also aided the rupee's rise.

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Economic TimesLean R·2h ago
Rupee posts longest winning run in a year on exporter flows, bank dollar sales
The Indian rupee strengthened against the U.S. dollar for the fifth day straight, marking its longest rally in a year. Lenders and exporters aggressively reduced their dollar holdings. The rupee closed higher, recovering from an initial dip. This upward movement was driven by fixing-related selling and strong exporter support. Declining crude oil prices also aided the rupee's rise.
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Rupee posts longest winning run in a year on exporter flows, bank dollar sales

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