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Rupee up 2 paise to 95.43 as dollar index slips on US yield dip
The rupee edged up 2 paise to 95.43 as the dollar slipped on a drop in US yields. FII outflows of Rs 510 crore and rising Brent crude, up to $87.21, kept gains in check.
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The rupee opened at 95.39 and edged up 2 paise to 95.43 against the US dollar in early Friday trade. A weaker dollar overseas, down 0.08% on the index to 99.78, pushed the currency higher, forex traders said.
The move came after US Treasury yields fell and inflation data came in below expectations, dragging the dollar from recent highs, analysts said. Brent crude rose 0.16% to $87.21 a barrel, reversing a days-long decline as a West Asia ceasefire deal remained elusive.