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RBI intervention keeps Indian rupee stable

The Indian rupee closed little changed as Reserve Bank of India support offset rising importer dollar demand. Central bank dollar sales and foreign inflows cushioned the currency from oil price spikes and higher Treasury yields.

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FILE PHOTO: A man walks past the Reserve Bank of India (RBI) logo outside its headquarters in Mumbai, India, June 6, 2025. REUTERS/Francis Mascarenhas/File Photo

India's rupee held steady near 94.97 per dollar on Wednesday afternoon as central bank intervention offset rising oil prices. State support absorbed mounting importer dollar demand.
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