A sharp decline in domestic equity markets put further pressure on the local unit, while RBI intervention and foreign fund inflows lent support, according to forex traders
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At the interbank foreign exchange market, the rupee opened at 95.38 against the U.S. dollar and traded in a very narrow range of 95.37-95.45
At the interbank foreign exchange, the rupee opened at 94.73 against the U.S. dollar and traded in a range of 94.63-94.92 before settling at 94.74 (provisional), down 11 paise from its previous close
