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US Dollar strengthens aboove 98.50 despite cooling inflation data

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a positive note near 98.55 during the early European trading hours on Friday. The DXY recovers some lost ground amid the cautious mood in the market.
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USD/INR opens lower as US inflation cools down

The Indian Rupee (INR) opens on a bullish note against the US Dollar (USD) on Friday.
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