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Indian rupee ends flat, anchored by RBI intervention in face of global strains
MUMBAI: The Indian rupee ended little changed on Monday, wedged between pressures from a broadly firmer dollar, higher oil prices and likely intervention by the Reserve Bank of India, which kept the currency moored in a thin trading range. The rupee closed at 96.2925 per dollar, barely changed from its close at 96.3150 in the previous session. The dollar started the week on firm footing, hovering near a 17-month high on Monday. The greenback was boosted by weakness in the euro amid worries over France’s fiscal situation and knocked Asian currencies between 0.1% to 0.5% lower. Crude oil prices,...
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