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The Economic Times
The Economic Times
Business

Rupee logs best day in over 6 weeks as RBI intervention magnifies oil slump impact

The Indian rupee registered its best trading session ​in more than six weeks ​on Monday, as likely intervention from the central bank added to ​the impact of a plunge in oil prices and triggered stop-losses for long dollar positions.

The rupee opened at 96.1475 against the U.S. dollar and climbed to an intraday high of 95.7950, having settled ‌at 96.5625 ⁠in the ⁠previous session.

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