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Indian Rupee Strengthens Against US Dollar and UAE Dirham

Interbank Exchange Dynamics

Opening and Movement: In the early trade on Monday, the Indian rupee strengthened by 18 paise, reaching 82.77 against the US dollar (22.99 against the UAE dirham). The positive trend was supported by a surge in domestic equities, with domestic indices hitting record highs.

Consistent Strengthening: UAE Dirham

Eighth Consecutive Session: The rupee exhibited strength for the eighth consecutive session, closing with a gain of 6 paise to settle at 82.95 against the US dollar on the preceding Friday.

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