The Indian rupee opened marginally lower at 65.45 per dollar on Friday versus previous close 65.41. The US rate hike, accompanied by dovish commentary, resulted in dollar sell-off, with dollar index settling close to 100. The resultant appreciation in the USD-INR pair has been pretty sharp, breaching major technical supports, and settling close to the 65.50/dollar level."
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The Indian rupee opened marginally lower at 65.45 per dollar on Friday versus previous close 65.41. The US rate hike, accompanied by dovish commentary, resulted in dollar sell-off, with dollar index settling close to 100. The resultant appreciation in the USD-INR pair has been pretty sharp, breaching major technical supports, and settling close to the 65.50/dollar level."
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