Economic TimesLean R·
Indian rupee ends flat as robust importer hedging blunts oil price relief
The Indian rupee finished slightly lower at the close on Monday, pulling back from an early surge. Demand for dollars from importers and state banks intensified, countering the fall in oil prices. Meanwhile, global equities gained ground ahead of the scheduled discussions between Washington and Tehran. The dollar index maintained its position, and most Asian currencies appreciated.
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