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Rupee strengthens against US dollar on Thursday

24 Mar 2022 Evaluate

Indian rupee strengthened against US dollar on Thursday, despite elevated crude oil prices and firm American currency at overseas markets. Meanwhile, markets are slowly digesting the hawkish stance by the US Federal Reserve. Foreign Institutional Investors (FIIs) remained net buyers in the capital market on Wednesday as they purchased shares worth Rs 481.33 crore, exchange data showed. Further, firm domestic equities also supported rupee sentiments.

The partially convertible currency is currently trading at 76.28, stronger by 11 paise from its previous close of 76.39 on Wednesday. The currency touched a high and low of 76.41 and 76.28 respectively.

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