Indian Rupee Rises taking higher Asian Cues

Indian Rupee strengthed by taking cues from Asia. Local Stocks are also rising on expectation of more foreign fund flow. Dollar demand from Oil companies also limited the rupee’s gains. The Stocks have been a positive factor for the Market but oil limited the dollar buying also added to it. India’s BSE and NSE is up 1% and also US Data shows fewer jobs cuts in August on Friday.

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