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Indian rupee breaks six-day winning streak on state banks' dollar bids

Economic Times Markets
Indian rupee breaks six-day winning streak on state banks' dollar bids
Economic Times Markets

The Indian rupee snapped its six-session winning streak on Monday, November 9, as dollar purchases by state-run banks outweighed positive momentum. The currency touched a six-month high of 93.69 per dollar before closing slightly lower at 93.9275. Lower crude oil prices and foreign equity inflows provided some support.

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