Rupee continues healing: Currency rises 22 paise in early trade; reaches Rs 89.45 against US dollar

The Indian rupee is showing a strong recovery, gaining 22 paise to 89.45 against the US dollar today, following recent record lows. This rebound is attributed to likely Reserve Bank intervention, corporate inflows, and falling crude oil prices. Experts predict a significant strengthening in the latter half of the next financial year, suggesting the current weakness is temporary.

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