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Rupee rises 22 paise to close at 86.22 against US dollar

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Dion Global

24 Jan 2025

Rupee appreciated 22 paise to close at 86.22 (provisional) against the US dollar on Friday, as a decline in the US dollar index supported investor sentiments.

Forex traders said weak crude oil prices also supported the local unit, while sustained foreign fund outflows weighed on the local unit.

Traders further noted that the upcoming Union Budget will play a crucial role in shaping market sentiment and the rupee's trajectory.