The rupee closed at 94.93 against the US dollar, marking a gain of 33 paise. Positive trends in domestic markets contributed to this improvement, despite elevated crude oil prices. Foreign Institutional Investors sold equities worth Rs 943.60 crore on a net basis. The IMF advocated for exchange rate flexibility in response to energy shocks affecting the Indian economy.
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- OriginalThe Hindu – NationalRupee falls 21 paise to close at 95.28 against U.S. dollar
