Rupee Holds Steady in Narrow Range
The Indian rupee traded in a tight range as central bank interventions offset global headwinds. Elevated oil prices and regional geopolitical tensions continue to pose risks.
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Insights:
Xurve View
The India rupee traded within a narrow band on Thursday, holding at 95.7050 per dollar amid sustained interventions by the central bank. The currency edged up slightly from its previous close of 95.7525. Central bank restrictions on net open positions continue to constrain onshore speculative positioning.
