Rupee rises 17 paise to close at 89.88 against U.S. dollar

Summary

The Indian rupee appreciated by 17 paise to close at 89.88 against the U.S. dollar. This rise was attributed to the weakening of the U.S. dollar in the overseas market, influenced by expectations of a U.S. Fed rate cut in December.

Key Points

• The Indian rupee closed at 89.88 against the U.S. dollar.
• The rupee gained 17 paise.
• The U.S. dollar's weakness in the overseas market supported the rupee.
• Expectations of a U.S. Fed rate cut in December influenced the market.

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