Rupee rises: Gains 9 paise to 87.93 against US dollar; buoyed by inflows, soft crude

The Indian rupee strengthened by 9 paise to close at 87.93 against the US dollar on Monday, driven by foreign fund inflows and lower crude oil prices. Positive domestic equity market sentiment and hopes for an amicable resolution to US-China trade talks also contributed to the rupee’s gain.

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