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The rupee gained 9 paise to end at 88.11 (provisional) against the US dollar on Friday, buoyed by optimism over US–India trade negotiations.
Forex traders said likely intervention by the Reserve Bank of India (RBI) also helped limit volatility and curb rapid depreciation.
At the interbank foreign exchange market, the rupee opened at 88.22, slipped to an intraday low of 88.34, and touched a high of 88.06 before finally settling at 88.11 (provisional), up 9 paise from its previous close.
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