The Indian rupee strengthened by 32 paise to 94.85 against US dollar in early trade, extending its recent gains. The domestic currency opened at 94.91, supported by the Reserve Bank of India's foreign exchange management steps, a weaker US dollar and lower crude oil prices. Traders' unwinding of long-dollar positions also boosted sentiment in currency market.
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Rupee Climbs 32 Paise To 94.85 Against Dollar Today
