Rupee Ends Session Strong: gains 33 paise to 94.93 vs dollar; IMF backs FX flexibility

Closing at 94.93 against the US dollar, the rupee gained 33 paise in trading, buoyed by a soft dollar and positive domestic bond market conditions. Yet, high crude oil prices and escalating tensions in the Middle East limited its gains. Analysts caution that geopolitical factors may create hurdles ahead. The selling trend by foreign institutional investors also continues to shape the overall market environment.

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