Indian Rupee rises to two-week high as oil cools
The Indian rupee reached its strongest level in two weeks as declining oil prices and increased foreign inflows relieved economic pressure. Bond yields dropped and equities rallied following easing geopolitical concerns.
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The Indian rupee gained 0.2% to end at 94.4750 against the USD on Thursday, reaching its strongest level in two weeks as Brent Crude Oil fell below $100 per barrel. The move followed a global relief rally after political shifts in the United States eased investor anxiety over the Iran conflict.
