Rupee cuts losses to end flat at 76.27 as dollar weakens
The rupee pared initial losses to settle on a flat note at 76.27 against the US dollar on Monday amid weakening of the greenback in the international market. Forex traders said the rupee is trading in a narrow range as losses in the greenback supported the rupee, while weak domestic equities weighed on the local unit. Moreover, investor confidence strengthened after the minutes of the central bank’s policy meeting revealed that the RBI will use any instrument necessary to revive growth and preserve financial stability. “The Reserve Bank will continue…
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