Indian Rupee Strengthens by 30 Paise to Reach Monthly High Against Dollar
The Indian rupee saw a significant gain on Friday, closing at 95.38 against the US dollar. This move marked a one-month high for the currency, driven by proactive interventions from the Reserve Bank of India and a decrease in global crude oil prices. Additionally, a weakening US dollar index provided further support. The currency maintained a steady range during the session, and analysts suggest that the rupee may find continued support at these levels in the near term.
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