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The Economic Times

Business

Rupee extends winning streak as dollar, oil ease and stocks rally

Indian Rupee Oil Stock Market US Federal Reserve Bonds Interest Rates

The Indian rupee strengthened for the fourth straight session on Thursday, aided by a broadly weaker dollar, lower oil prices and a surge in stocks, as well as a likely central bank intervention.

The rupee ended 0.1% higher at 95.0550 per dollar. The currency has risen 2% so far this week after coming near record low levels last week.

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