India rupee ends higher but oil companies’ dollar buys cap gains ...Middle East

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India rupee ends higher but oil companies’ dollar buys cap gains
A man counts Indian currency notes inside a shop in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas/File Photo Acquire Licensing Rights MUMBAI, Nov 6 (Reuters) – The Indian rupee closed stronger on Monday but underperformed its Asian peers as U.S. dollar demand from local oil companies and importers capped gains. The rupee settled at 83.2150 compared with its close at 83.2850 in the previous session. A weaker dollar and a fall in U.S. Treasury yields sparked a rally among Asian currencies, with the Malaysian ringgit, up by nearly 2%, leading gains. The rupee opened at 83.14 but shed some gains as importers looked to capture the dip on the dollar-rupee pair, traders said

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