Rupee ends flat at 83.22 against the US dollar on likely RBI intervention
The dollar index was at 106.29, close to its highest since November 2022. The spike in US treasury yields has underpinned the dollar's strength.
The Indian rupee ended flat against the US dollar on Wednesday as likely dollars sales from the Reserve Bank of India (RBI) supported the local currency against broader strength in the greenback and rising crude oil prices. The local currency opened at 83.22 a dollar as against previous close of 83.23.
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