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The Economic Times
The Economic Times
Business

Rupee ends flat as RBI intervention, portfolio flows blunt Fed hike impact

US Federal Reserve ING Reserve Bank of India United States

The Indian rupee ended flat on Thursday, bucking declines in most regional peers, as likely central bank intervention and inflows related to an equity index rebalancing helped cushion the impact from a US interest rate hike.

The rupee closed at 95.93 against the dollar, barely changed from Wednesday's close at 95.9550.

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