Indian Rupee Strengthens Against The U.S. Dollar

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Various denominations of Indian rupee banknotes. (Photo: Vijay Sartape/BQ Prime)

The Indian rupee strengthened against the U.S. dollar.

The local currency strengthened 12 paise to open at 81.77 while it gained about 6 paise to close at 81.83 against the greenback on Wednesday.

It closed at 81.89 on Tuesday.

"Supports for the dollar-rupee spot pair are at 81.6200 and 81.5800, resistances are at 81.8500 and 81.9700," Reliance Securities said in a pre-market note.

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