Rupee gains 10 paise as softer crude, firm equities lift sentiment
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The Indian rupee saw a modest gain of 10 paise, closing at 94.45 against the US dollar on Thursday. This appreciation was fueled by falling global crude oil prices and a stronger domestic stock market. However, foreign fund outflows prevented a more significant rise. The currency is expected to trade within a narrow range, influenced by global economic factors and the US Federal Reserve's stance. What's Your Reaction?
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