Economy
Rupee Jumps 82 Paise Against U.S. Dollar in Early Trade Following RBI Measures
The Hindu1h
THE BRIEF
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The Indian rupee appreciated 82 paise to trade at 94.96 against the U.S. dollar in early trade on Tuesday, supported by recent intervention measures from the Reserve Bank of India.
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The RBI's directives include a dedicated dollar window for oil marketing companies and stricter forex derivatives rules designed to curb speculative bets against the currency.
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Domestic equity benchmark indices also registered gains, with the Sensex climbing 305 points while retail inflation reached 5.54 percent in September.