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The Economic Times

Business

RBI backstop keeps Indian rupee stable, blunting importer dollar demand impact

RBI Oil Reserve Bank of India US Treasury

By Dharamraj Dhutia

MUMBAI, Sept 2 - The Indian rupee ended little changed on Wednesday after moving in a narrow range, as continued support from the Reserve Bank of India offset rising dollar demand from importers and the impact of a spike in oil prices and Treasury yields.

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