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Easing oil helps rupee gain 220 paise in 7 days

According to Care chief economist Madan Sabnavis, the rupee’s weakening trend reversed after the US granted India a six-month waiver on Iran sanctions. “An appreciation of the rupee bodes well for importers and the government to manage their finances,” said Sabnavis.

from The Times of India https://ift.tt/2PNU4wP

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