The Headlines – Rate-cut boost: Rupee jumps 11 paise to 85.68 against dollar; market rally and CRR cut lift sentiment

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The Headlines – Rate-cut boost: Rupee jumps 11 paise to 85.68 against dollar; market rally and CRR cut lift sentiment

The rupee strengthened to 85.68 against the US dollar following a surprise 50 basis point repo rate cut by the RBI. This move, coupled with a phased CRR reduction, boosted domestic equities and injected liquidity into the banking system.

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