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Indian rupee boxed in, RBI takes sting out of heavy dollar demand

MUMBAI: The Indian rupee is expected to open largely flat to marginally weaker on Thursday and remain range-bound, with persistent dollar demand from hedgers pressuring the currency while the central bank continues to limit its downside. The Indian rupee is expected to open in the 95.34-95.38 range, according to traders, after settling at 95.33 per dollar on Wednesday. For much of Wednesday, the…

Indian rupee boxed in, RBI takes sting out of heavy dollar demand

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