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Rupee strengthens against US dollar ahead of key macro data
The rupee strengthened against the US dollar ahead of the key macroeconomic data due later on Monday. At 9.15am, the rupee was trading at 63.96 a dollar, up 0.27% from its Friday's close of 64.14. The government will issue wholesale price index (WPI) inflation and consumer price index (CPI) inflation data for July due later 12pm and 5.30pm, respectively. Traders are cautious as the week is getting shortened with mere three market working days-14, 16 and 18 August.
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