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Rupee Jumps 6 Paise But Still Needs to Get Its Act Together

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Rupee Jumps 6 Paise But Still Needs to Get Its Act Together

Listen up! The rupee just jumped 6 paise to 93.27 against the US dollar! It’s like a soufflé finally rising, thanks to crude oil prices behaving themselves and the dollar feeling a bit weak. But hold your horses! Foreign capital is still leaking like a sieve, and the rupee opened at 93.29, not quite ready to be a superstar yet. Get it together, rupee!

few days ago | Press Trust of India

Quick rundown

1.Rupee gains 6 paise against the US dollar.
2.Crude oil prices dip below $95 per barrel.
3.Sensex and Nifty see significant gains.
4.Foreign investors offload equities worth Rs 666.15 crore.
5.WPI inflation hits a 3-year high of 3.88%.

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