Wednesday, June 19, 2024
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In a positive development for India’s economy, the rupee has strengthened against the US dollar, gaining 33 paise. The rupee is currently trading at 82.33 against the dollar, up from its previous close of 82.66. The appreciation of the rupee is attributed to a decrease in demand for the dollar from importers and an increase in foreign capital inflows. The rupee has been on an uptrend in recent weeks, and the latest gain is being seen as a continuation of this trend. The strong rupee is expected to boost India’s exports and improve the country’s trade balance.

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