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The Economic Times
The Economic Times
Business

Rupee cushioned by state-run bank dollar offers as futures expiry bites

United States US Federal Reserve Oil India Monetary Policy

The Indian rupee rose on Wednesday as dollar sales from state-run and foreign banks blunted pressure from demand tied to the monthly expiry of exchange traded futures as traders kept an eye on volatile oil prices.

The rupee rose 0.14% to 95.72 per U.S. dollar, hovering around its strongest level in two weeks.

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