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Indian rupee spurts to over 2-week high against US Dollar
Highlights
The Indian rupee on Tuesday rose by 24 paise to settle at an over two-week high of 71.50 against the US dollar as persistent foreign fund inflows and hopes about US-China trade logjam breakthrough boosted forex market sentiment.
Mumbai: The Indian rupee on Tuesday rose by 24 paise to settle at an over two-week high of 71.50 against the US dollar as persistent foreign fund inflows and hopes about US-China trade logjam breakthrough boosted forex market sentiment.
After starting off on a stronger note, the domestic unit further strengthened its position tracking a host of positive factors.
It traded in the range of 71.49-71.68, before settling at 71.50 a dollar, clocking a gain of 24 paise -- the biggest single-day rise since October 17.
The rupee gain was further strengthened by weakening of $ against the key rival currencies.
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