Economic TimesLean R·
Rupee ends flat at 95.95 as RBI dollar sales offset pressure
On Wednesday, the Indian rupee maintained its position at 95.95 against the US dollar, thanks to the central bank's dollar sales which helped stabilize its value. However, ongoing demand from oil firms and importers kept the currency under strain. Market analysts predict further depreciation, especially if the US Federal Reserve opts for interest rate increases, with trading expected between 95.75 and 96.25 on Thursday.
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