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Rupee recovers from record low to settle 5 paise higher

The New Indian Express Bengaluru

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January 10, 2025

THE rupee recovered slightly from its record low and settled with a gain of 5 paise at 85.88 against the US dollar on Thursday amid firm American currency and elevated level of crude oil prices.

- ENS ECONOMIC BUREAU @Mumbai

As per forex analysts, relentless selling in domestic equities and outflow of foreign capital kept the local unit under pressure, while dollar strengthened on improved macroeconomic prospects in the US.

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