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Rupee rises 5 paise to close at 93.93 against US dollar

Deccan Herald
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Rupee rises 5 paise to close at 93.93 against US dollar
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Mumbai: The rupee settled higher by 5 paise at 93.93 (provisional) against the US dollar on Monday, boosted by easing crude oil prices, stronger foreign fund inflows, and optimism regarding de-escalation in West Asia.Forex traders said continued foreign inflows, stable crude, and a mild dollar offer tailwinds for the rupee. However, gains were capped by renewed greenback demand, geopolitical risks, and a rebound in energy prices.In the interbank foreign exchange market, the rupee opened at aroun

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