Rupee ends higher as rate-cut boost for equities blunts dollar strength

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Rupee rose to 85.6250 vs USD as RBI’s 50 bps rate cut boosted equities.
RBI also cut CRR by 100 bps, aiding liquidity and INR support.
Sensex, Nifty gained ~1%, posting best day in two weeks.
10-year bond yield edged up to 6.2237%; forward premiums fell.

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