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The Economic Times
The Economic Times
Business

Rupee likely shielded by RBI intervention as oil surges

Oil India Iran Red Sea

The Indian rupee was little changed on Thursday, wedged between enduring pressure on account of a searing rally in oil prices and likely central bank intervention in the foreign exchange market as the currency drifted towards it record low.

The rupee was at 96.5350 per dollar as of 10:00 a.m. IST, ‌nearly flat ⁠compared to ⁠its close at 96.5650 in the previous session.

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