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of <h1>Currency Gains: Rupee Surges 16 Paise on Foreign Inflows and Weakening Dollar Amid Positive Economic Signals</h1> The Indian rupee strengthened by 16 paise against the US dollar, closing at 85.64, driven by foreign fund inflows and a weak American currency. Positive domestic macroeconomic indicators and lower crude prices supported the local currency's rally. The dollar index traded lower, while foreign institutional investors purchased equities worth significant amounts, contributing to market sentiment.
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