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Re rises 38p to close at 85.03
Financial Express Chennai
|April 29, 2025
THE RUPEE APPRECIATED 38 paise to close at 85.03 against the US dollar on Monday, supported by sustained foreign fund inflows, easing crude oil prices and a bullish trend in domestic equities.
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Forex traders said strong domestic fundamentals, such as rising forex reserves also boosted the investor sentiment. A steady rise in reserves enhances India's import cover, providing a crucial buffer against external shocks and lending stability to the rupee.
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