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<h1>Currency movement: rupee strengthens after US Fed signals rate cuts, aided by lower oil and intervention reports.</h1> Rupee strengthened to 87.93 against the US dollar in early trade, reversing a prior close, supported by a softer dollar after signals of US rate cuts, reported domestic foreign-exchange intervention, and lower crude-oil prices; concurrent easing in the dollar index and gains in domestic equity markets reflected improved market sentiment despite prior portfolio outflows.