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Rupee Rises 3 Paise to Close at 95.33 as Hopes for US-Iran Agreement Fade

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The Indian rupee closed at 95.33 against the U.S. dollar on August 12, gaining 3 paise from its previous close.

This movement came as hopes for a quick agreement between the U.S. and Iran, which would have reopened the Strait of Hormuz and alleviated global oil market concerns, faded.

Brent crude prices rose towards $90 per barrel amid risk aversion in global markets.

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