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Rupee Gains 10ps To 83.66/$
Overall weakness in the dollar may support the local unit. However, a positive tone in crude prices may cap sharp upside
Rupee Gains 10ps To 83.66/$
Mumbai: The rupee was strengthened by 10paise to hit its two-month high level of 83.66 against the US dollar on Thursday after the US Federal Reserve cut the benchmark interest rate by 0.50 per cent, boosting investors’ sentiment. Forex traders said massive buying in domestic equities and inflow of foreign funds also supported the local unit.
