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India's cabinet approved bills on Thursday to attract foreign investment into insurance and pensions among new measures to restore confidence in the economy, although the reforms will face a tough fight in parliament.
Positive global risk sentiment and a stronger euro also aided gains, dealers said. At 9.02 a.m. local time, the rupee was at 51.43/45 as against 51.74/75 Thursday close. It rose to 51.32, its highest since April 13.