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September 17, 2024 5:29 PM

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Indian Rupee Gains 13 Paise to 83.75 per US Dollar

In the Forex market today, the Indian rupee appreciated 13 paise at 83 rupees 75 paise against the US dollar supported by heightened expectations of a 50 basis points rate cut in the US Federal Reserve meeting scheduled this week.

 

The dollar index, which indicates the US dollar’s strength against a basket of six other leading currencies, is trading at 100.68 in intra-day trade.