Indian Rupee Strengthens Past 94 Per Dollar
The Indian rupee strengthened past 94 per dollar, posting its best week in three months. The currency gained support from a sharp fall in oil prices and renewed foreign inflows into Indian equity and debt markets following the US midterm elections.
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The India rupee strengthened past 94 per dollar on Friday, rising to its highest level since April 22 amid renewed foreign inflows. The currency gained 1.1% for the week, marking its best weekly performance in three weeks.
