Rupee ends flat on RBI support and index inflows
The Indian rupee closed flat against the US dollar as central bank intervention and equity index rebalancing flows offset pressure from a Federal Reserve rate hike. Market action indicates the central bank defends the 96 level.
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India's rupee held steady at 95.93 against the dollar on Thursday afternoon, bucking regional currency declines. Central bank intervention and equity index rebalancing inflows cushioned the pressure.
