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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee Closes At Over One-Month High On Trade-Deal Prospects

  • The Indian rupee closed at a one-month high of 85.32, marking a 39 paise gain, driven by prospects of a trade agreement with the United States.
  • President Trump's trade deal with Vietnam heightened expectations for a similar agreement with India before the July 9 deadline.
  • The rupee's performance outpaced most Asian currencies, finding support on anticipated foreign capital inflows and positive trade deal outlook.
  • In the currency market, the dollar index remained flat, while Asian currencies rose following the positive trade sentiments.

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