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The Economic Times
The Economic Times
Business

Rupee ends nearly flat on competing oil, intervention and NDF maturity cues

Oil Reserve Bank of India India United States Inflation MUFG

The Indian rupee navigated competing impulses to ​end little changed on ​Wednesday, with traders pointing to volatility in oil ​prices, elevated dollar demand due to maturing non-deliverable forward contracts and likely central bank intervention.

The rupee closed at 95.2650 per dollar, up marginally compared to its ‌close of ⁠95.35 in ⁠the previous session.

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