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Market move● Neutral for Indian equities

Rupee near 96 per dollar: What is driving the currency move today

1 source · first seen 09:41 25 Sept · updated 09:41 25 Sept

The brief

Written from 1 report · check the source before you trade
  • Rupee opened at 95.90 per US dollar, gaining 6 paise
  • RBI likely sold dollars to keep the rupee above 96
  • Rupee weakness raises import costs for Indian companies, especially oil and gas firms

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Read the reports

1 report · earliest 09:41
CNBC-TV18Rupee near 96 per dollar: What is driving the currency move today09:41