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In a remarkable day for Indian equities, the combined market valuation of all listed companies on the BSE reached the USD 4-trillion milestone for the first time ever on Wednesday.
The rupee gained as the American currency weakened after US Inflation eased to its lowest level since September 2021
Mumbai, The rupee recovered from its all-time low levels and appreciated by 5 paise to 83.05 against the US dollar in early trade on Monday tracking a positive
Foreign trips, fuel and everyday commodities will become more expensive because of the depreciation in the Indian rupee.
The dollar was soft while most Asian and emerging market peers were stronger and capped the weakness of the local unit.