Indian Rupee Ends Six-Day Gain Amid State Banks' Dollar Buying
The Indian rupee ended its six-day winning streak on November 9 as state-run banks' dollar purchases outweighed positive momentum. The currency reached a six-month high of 93.69 per dollar before closing lower at 93.9275. Support came from lower crude oil prices and foreign equity inflows, but dollar demand from banks reversed gains.
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