Rupee strengthens to 94.92 per dollar, gains for fourth session
News summary
The Indian rupee has strengthened for a fourth consecutive session, reaching 94.92 against the US dollar. RBI measures to curb speculative trading and Finance Minister Nirmala Sitharaman's statement about significant depreciation over 18 months have supported the currency's gains. RBI Chief Sanjay Malhotra indicated further steps may be taken for orderly movement.
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