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The Economic Times
The Economic Times
Business

Rupee gains as oil retreat soothes, inflow expectations erode weakening bias

Oil India Deficit Economy Iran Israel

The Indian rupee closed stronger on Tuesday on ​a fall in oil prices, ​with expectations that regulatory measures will help India narrow ​its balance of payments deficit chipping away at the currency's bias towards persistent weakness.

The rupee closed at 95.35 per dollar, up 0.4% from its close in the previous ‌session.

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