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Indian Rupee Strengthens Past 79 For First Time In Nearly A Month

The Indian rupee strengthened past 79 against the U.S. dollar for the first time since July 4.The domestic currency appreciated 7 paise to 78.95 against the greenback at open on Tuesday. It had closed at 79.02 on Monday, according to Bloomberg data.The rupee has gained for three consecutive sessions and is on track for the fourth, after the U.S. Federal Reserve hiked rates on expected lines. It had weakened to a record low beyond 80 …

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