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Rupee extends winning streak as dollar and oil ease
Original: Rupee extends winning streak as dollar, oil ease and stocks rally
The Indian rupee has strengthened for a fourth consecutive session against the US dollar, helped by a softer dollar, easing crude oil prices and a rally in domestic stocks. A weaker dollar reduces pressure on the currency, while lower oil prices shrink India's import bill, and foreign inflows into equities add further support. Traders are watching whether the momentum can hold.
Why now: A multi-day rise in the rupee signals improving currency market conditions for India, which matters to importers, investors and policymakers.
Indian rupeeUS dollarIndiaReuters
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