Mumbai, April 16 -- The Indian rupee is extending sharp gains against the dollar for the third straight session tracking deepening loses in the greenback overseas. Easing international oil prices and foreign investment inflows are also seen supporting the counter. Moreover, domestic macroeconomic data showed India's consumer price inflation eased further in March to the lowest level in more than five-and-a-half years amid slower rise in food prices. Consumer price inflation eased more-than-expected to 3.34 percent in March from 3.61 percent in February, boosting rate cut bets. Similarly, India's wholesale price inflation eased further in March to the lowest level in four months, according to provisional data from the Ministry of Commerce an...
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