Rupee rises on optimism inflows to emerging markets will increase

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Source: Bloomberg
India's Rupee advanced the most in more than a week amid the U.S. service industry improvement, which spurred stocks to a record high, will increase inflows to emerging markets. The Rupee rose 0.5% to 54.6700 per U.S. Dollar at 10:10 a.m. in Mumbai, the biggest advance since February 25. One-month implied volatility declined 10 basis points to 9.62%.
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