Rupee Rises 82 Paise to 94.96 Against US Dollar in Early Trade
The Indian rupee appreciated by 82 paise to 94.96 against the US dollar in early trading. This gain followed strategic Reserve Bank of India measures to reduce dollar demand, including a dedicated dollar window for oil companies and higher hedging costs. Brent crude prices dropped to USD 105.47 per barrel, while India's retail inflation rose to 5%.
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