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Revival in foreign flows to back Indian rupee, dollar strength offers resistance

MUMBAI: The Indian rupee is set to open largely flat on Thursday, with the ongoing revival in foreign equity inflows providing ​a counterweight to a resurgent dollar that has advanced ‌to a one-month high. The Indian rupee is expected to open in the 93.68 to 93.74 range, having settled at 93.69 to the dollar on Wednesday, its highest level ​since April. Foreign investors poured $1.34 billion into…

First reported by Business Recorder 1 source
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Image: Business Recorder
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  1. Business Recorder

    Revival in foreign flows to back Indian rupee, dollar strength offers resistance (opens Business Recorder in a new tab)

    MUMBAI: The Indian rupee is set to open largely flat on Thursday, with the ongoing revival in foreign equity inflows providing ​a counterweight to a resurgent dollar that has advanced ‌to a one-month high. The Indian rupee is expected to open in the 93.68 to…

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