Categories: Business

Rupee gains 12 paise against dollar, supported by FII inflows

During the early trading hours, the Indian rupee saw an increase of 12 paise to reach 94.72 against the US dollar, driven by lower crude oil prices at $104.76 per barrel. Continuous investments from Foreign Institutional Investors provided additional backing for the currency. However, the stronger US dollar ahead of the midterm elections capped the gains.

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