Mumbai, July 2 (PTI) The Indian rupee gained 18 paise at 43. High global oil prices, which traded above USD 141 per barrel in Asian markets, however, continued to put downward pressure on the domestic unit. In brisk activity at the Interbank Foreign Exchange (forex) market, the rupee witnessed movements in a range of 43. Forex dealers said the rupee drew support from a strong surge in Indian equity markets which raised hopes that capital inflows will start pouring into the bourses. The capital inflows are the principal driver for the rupee, which remained under pressure due to continued outflows so far in the current calendar year. read more
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