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of <h1>Currency Resilience: Rupee Gains 8 Paise on Strong Equity Markets, Softening Dollar Amid Global Economic Shifts</h1> The Indian rupee strengthened 8 paise to close at 86.03 against the US dollar, driven by robust domestic equity markets and a weakening dollar. Easing global crude oil prices supported the currency. However, declining exports and foreign fund outflows limited further gains. The movement occurred amid ongoing geopolitical tensions and fluctuating economic indicators, with wholesale price inflation declining to 0.39% in May.
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