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RBI intervention: Indian rupee appreciates sharply against the US dollar in early trade as central bank measures curb speculative positions and reduce dollar demand across domestic foreign exchange markets today.
Rupee extended its winning streak on Tuesday, strengthening to 94.96 against the US dollar. The currency opened at 95.53 in the interbank market and rose 82 paise or 0.7% from its previous close.
USD/INR drops 1.2% as RBI unveils FX-support steps, boosting rupee and easing premiums; outlook oil-driven.