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Indian markets extend rebound as metals rally and rupee stays weak
Nifty rebounded above 25,900 as metals gained, while the rupee stayed near record lows and GIFT Nifty signalled strength.
Indian equity indices extended gains as Nifty reclaimed the 25,900 level, snapping a three-session losing streak, supported by strength in metal and realty stocks. The rupee touched a record low below 90.56 per dollar before stabilising. GIFT Nifty indicated a firm opening, tracking positive cues from Asian markets following supportive global rate signals.