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The Economic Times
The Economic Times
Business

Rupee anchored by central bank hand, traders watchful of oil ructions

Oil

The Indian rupee clung to a thin trading ​range on Monday as ​likely central bank intervention blunted the impact of an uptick ​in oil prices and on dollar demand from non-deliverable forwards market contracts maturing.

The rupee was hovering at 95.25 per dollar as of 11:30 a.m. IST, little changed from ‌its close ⁠of 95.2075 ⁠in the previous session.

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