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Rupee gains 14 paise to 86.59 vs US dollar; oil price dip, FII inflows support recovery, traders eye HDB IPO-linked inflows next week
The rupee strengthened to 86.59 against the US dollar, driven by lower crude oil prices, a weaker dollar, and strong domestic equities. Foreign fund inflows and positive sentiment surrounding the upcoming HDB Financial IPO further supported the rupee's rise. The Sensex and Nifty also saw significant gains, while foreign institutional investors were net buyers.
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