Rupee ends flat as stock slump, importer hedging erodes bounce
· economictimes.indiatimes.com
The Indian rupee held steady even as it initially surged, influenced by rising dollar demand from importers. However, the local stock markets, particularly the Nifty 50, suffered a decline of more than 1% due to underwhelming results in the technology and financial sectors. Meanwhile, Brent crude oil prices dipped about 2% after the US administration's sanction waivers.
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