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The Economic Times
The Economic Times

Rupee edges higher; options market gauge turns most bearish in over a month

Reserve Bank of India United States India Inflation Oil Anxiety

The Indian rupee was modestly stronger on Wednesday, supported by easing bets of imminent rate hikes by the U.S. Federal Reserve and elevated dollar selling at the Reserve Bank of India's daily reference rate.

The rupee was at 96.16 per U.S. dollar, up marginally from its closing level at 96.20 in the ‌previous session.

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