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The Economic Times
The Economic Times
Business

Rupee weakness cushioned by central bank intervention, shorts grow wary

ING United States India Reserve Bank of India Oil

The Indian rupee ended little changed on Monday, ​wedged between firmer oil ​prices and likely intervention by the central bank, which traders ​reckon has started to deter fresh short positions on the South Asian currency.

The rupee closed at 95.30 per dollar, marginally weaker than its close at 95.2075 in the ‌previous session.

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