Indian Rupee Gains as Tech Investments Shift
The Indian rupee reached a six-month high as foreign investors withdrew from crowded artificial intelligence trades and poured billions into Indian equities. Falling oil prices provided additional support for the currency.
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India's rupee climbed to a six-month high of 94.10 against the United States dollar on Friday morning, driven by a rotation away from technology stocks. It was Asia's top-performing currency as regional peers weakened.
