oreover, India's trade deficit for February at $9.6 billion hit a 17-month low because of a contraction in imports.At the same time, the equity markets have been on an upmove amid expectations that the current government will come back to power with stable numbers.On Monday, the stock market continued its winning momentum for the sixth consecutive session.The Sensex gained more than 70 points to close at 38369.59.At the inter-bank foreign exchange market, the rupee opened at 68.92 and rose to a high of 68.45 during the day. It settled at 68.53, a gain of 57 paise against the dollar over its previous close. This was the highest closing level for the rupee since August 1, 2018, when it had ended at 68.43.Last Friday, the domestic unit had closed at 69.10 against the dollar and over the last six trading sessions, it has appreciated 161 paise.The greenback's weakness vis-a-vis major global currencies also supported the sentiment in favour of the rupee. The dollar index, which gaug...
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