Rupee rebounds 61 paise from record low, rises to 96.25 against US dollar
The Indian Rupee saw a welcome rebound, gaining 61 paise to trade at 96.25 against the US dollar, driven by easing oil prices. Despite this recovery, the currency remains under pressure, marking a nine-session losing streak. The Reserve Bank of India announced a $5 billion dollar-rupee swap auction to bolster banking system liquidity amidst global uncertainties and foreign investor outflows.
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