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The Economic Times

Business

Rupee treads water, traders await range break to gauge directional trend

United States Iran Oil

The Indian rupee was little changed on Monday after Iran and the United States halted renewed hostilities that had cast a shadow on an interim peace deal, while traders awaited a break of the currency's prevailing range for clearer direction.

The rupee was hovering at 94.3675 per ‌dollar in ⁠early trade, ⁠little changed from its close at 94.9350 on Thursday. Indian financial markets were shut on Friday for a local holiday.

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