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of <h1>Currency Rally: India's Rupee Gains 42 Paise on Trade Deal Optimism and Strong Foreign Investment Inflows</h1> The Indian rupee strengthened by 42 paise against the US dollar, reaching 84.54, driven by positive sentiment around the potential US-India trade deal and substantial foreign capital inflows. Forex dealers noted additional support from global crude price weakness and dollar index fluctuations. Foreign institutional investors continued purchasing equities, further boosting market confidence amid ongoing trade negotiations between the two countries.
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