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Forex: Indian Rupee strengthened against US dollar

The Indian rupee strengthened by 13 paise to close at 71.18 against the US dollar. Weakness in the dollar against some other currencies overseas and foreign capital inflows in the domestic equity markets supported the rupee, but a lower opening of the domestic equity market capped the gains.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.1621 and for rupee/euro at 80.5882. The reference rate for rupee/British pound was fixed at 92.0216 and for rupee/100 Japanese yen at 64.71.


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