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The Economic Times
The Economic Times
Business

RBI intervention halts rupee's slide to record low, risks linger

ING RBI Reserve Bank of India India Oil

The Indian rupee was on the defensive on Thursday, pressured by a jump in oil prices and weakness in Asian peers even as likely central bank intervention kept the currency from testing record lows hit five months ago.

The rupee ended nearly flat at 96.78 per dollar, within striking distance of its all-time low of 96.96 hit in May.

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