Rupee edges higher as US dollar slips
The Indian rupee closed slightly higher at 94.64 per dollar as the greenback weakened following US midterm elections. Lower oil prices also supported the currency, though analysts expect medium-term depreciation pressures to persist.
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India's rupee rose to 94.64 per dollar during Wednesday morning trade, supported by a falling greenback after United States midterm elections. The currency edged up from its 94.74 close in the previous session, touching a two-week high.
