Mumbai, Oct. 3 -- The Indian rupee recovered slightly in opening trades on Friday but is staying within a bounded range as dollar index rebounds marginally overseas. Meanwhile local equities are seen n a tepid note despite firm cues from global markets on continued optimism around artificial intelligence. Indian stock markets were closed on Thursday on the occasion of Dussehra and Gandhi Jayanti. Benchmark indexes Sensex and Nifty jumped around 0.9 percent each on Wednesday to snap an eight-day losing streak after the RBI held the repo rate unchanged at 5.5 percent, lowered its inflation forecast and raised growth projections. Rupee on Wednesday recovered 9 paise from its all-time closing low to settle at 88.71 against US dollar, as the C...
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