The Indian rupee ended nearly flat against the US dollar as foreign institutional investor outflows offset support from stable domestic equity markets. Firm crude oil prices also weighed on the local currency.
Forex dealers noted that the rupee remained range-bound through the session, with importer demand limiting gains. Global dollar movement continued to influence sentiment in currency markets.
Going ahead, the rupee is expected to track global cues, crude oil prices and capital flows. Any sharp movement in equities could impact near-term currency direction.
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