Rupee steady as oil firms buy dollars
· economictimes.indiatimes.com
The Indian rupee showed minimal movement against the dollar on Friday, closing nearly unchanged. Oil companies actively bought dollars to restrict any considerable appreciation of the rupee. State-run banks also contributed to dollar selling in the market. The rupee fluctuated within a narrow scope, revealing a slightly negative trend, while Brent crude oil prices stabilized around eighty-three to eighty-four dollars per barrel.
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