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Home » Indian Rupee Appreciates for 5th Straight Day; Gold Stocks Rally

Indian Rupee Appreciates for 5th Straight Day; Gold Stocks Rally

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The Indian Rupee gained 20 paise against the greenback, supported by weaker US Dollar index dynamics (falling to 102) and stabilizing domestic debt yields. Meanwhile, physical jewellery stocks rallied up to 18% following fresh regulatory restrictions on gold Fund of Funds (FoF) investments, diverting retail capital toward physical gold demand drivers.

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