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Rupee Bounces Back from Two-Month Low Against US Dollar

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The Indian rupee has rebounded from its two-month low levels after gaining 16 paise to 95.73 against the U.S. dollar in early trade on Friday, September 18.

This rise comes amid a buying trend in domestic equity markets and easing crude oil prices overseas.

The retreat of crude prices below $104 per barrel has eased pressure on the Indian currency, according to analysts.

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