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The Economic Times

Business

Interventions hold rupee on narrow leash, traders await US sanctions on Iran

Iran United States Middle East India Oil

The Indian rupee tip-toed through another lacklustre trading session on Monday as persistent central bank intervention kept the currency trapped in a thin band while investors awaited details of threatened U.S. sanctions on Iran.

The rupee closed out the session at 95.7450 per dollar, moving inside a range of about 10 paisa through ‌the session.

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