Rupee Opens Flat Near 95.60 as Oil Prices Dip
The Indian rupee opened nearly flat near 95.60 per dollar as Brent crude futures hovered near two-week lows. Hopes for a diplomatic solution to the Middle East conflict have helped moderate oil prices.
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The India rupee opened nearly flat at 95.60 to 95.65 per dollar on Wednesday morning, holding steady as traders weighed Middle East diplomacy against persistent capital outflows. Wednesday's trading range follows a previous close of 95.59 per dollar. Foreign investors have pulled $1.81 billion from domestic equities so far in September.
