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Smart recovery in rupee
MUMBAI:
The rupee on Thursday rallied smartly against the U.S. currency due to strong trade and foreign fund inflows amid a retreating dollar overseas in fairly active trading at the interbank foreign exchange market even as rising oil prices dampened sentiment.
Closing at 43.5800/5850 a dollar, sharply higher from yesterday's finish of 43.6500/6550, the Rupee appeared set to resume its north-bound sojourn on the back of rising foreign institutional investment inflows into the equity markets.
— PTI
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