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Indian Rupee opens at 88.74/USD, higher versus previous close
INR strengthens slightly amid improved currency flows and macro stability.
The Indian rupee opened stronger at 88.74 per USD, supported by easing crude oil prices and continued foreign institutional investor (FII) inflows. Traders said lower energy import costs improved the trade balance outlook, while steady portfolio inflows boosted forex liquidity. Market participants expect the RBI to maintain a measured intervention stance, keeping the currency range-bound amid stable macro fundamentals and softening global commodity prices.