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The Economic Times
The Economic Times
Business

Rupee ends little changed on two-way foreign portfolio flows, merchant hedging

RBI Oil India Monetary Policy

The Indian rupee ended nearly flat on Monday as modest gains spurred by flows connected to MSCI's equity index rebalancing were eroded by persistent hedging demand from corporates, while traders kept their focus firmly on the upcoming monetary policy decision.

The rupee closed at 94.99 per dollar, almost unchanged from its close at 95.00 on ‌Friday.

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