Mumbai, Nov. 11 -- The Indian rupee gained 7 paise to close at 93.70 (provisional) against the US dollar on Wednesday, driven by domestic market strength and foreign capital inflows, alongside potential support from declining global crude oil prices. Rupee gained as domestic markets rose to an eight-month high amid FPI inflows and easing crude oil prices. However, a strong dollar and a surge in US Treasury yields capped sharp gains. The dollar strengthened on hotter-than-expected CPI inflation in the US, raising odds of a rate hike by the Fed in December. Indian shares rose sharply on Wednesday to hit an eight-month high, with investor sentiment boosted by continued foreign fund inflows, a moderation of the AI trade, and a retreat in crud...