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Indian Rupee Trades Higher At 8-day High Against U.S. Dollar

The Indian rupee traded higher against the U.S. dollar in later deals on Wednesday, amid a gain in regional stocks.

The benchmark S&P BSE Sensex ended the session up 121.53 points or 0.47 percent at 26,147.33, while the broader CNX Nifty index closed up 27.90 points or 0.36 percent at 7,795.75.

The rupee traded steadily against the greenback, following an 8-day high of 60.015 hit in early deals. At yesterday's close, the pair was worth 60.15. On the upside, 59.8 is seen the next possible resistance level for the rupee.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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