Rupee Gains 3 Paise to Close at 95.25 Against US Dollar
The Indian rupee appreciated by 3 paise, closing at 95.25 against the US dollar. It opened at 95.20 and hit an intra-day low of 95.38. Positive domestic market trends and falling crude oil prices supported the rupee. However, analysts warn of pressure ahead due to a strong dollar and hawkish Federal Reserve signals. The dollar index rose slightly, while Brent crude prices declined.
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