Rupee logs first gain in 5 sessions, eyes US debt ceiling updates

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The Indian rupee closed higher at 82.80 against the US dollar after a four-day consecutive fall rate. Traders are keeping an eye on US debt ceiling talks while gains in the capital market are supporting the currency. Experts expect that India’s central bank will defend the rupee if it falls to around 83 levels.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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