Rupee rises 7 paise to 85.46 against US dollar in early trade
Synopsis
The rupee strengthened to 85.46 against the US dollar, buoyed by a weaker dollar, lower crude oil prices, and positive domestic equity market sentiment. Gains were limited by foreign institutional investor outflows. Traders are awaiting CPI data, which could influence the rupee's trading range, while monitoring importer and exporter hedging strategies.
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