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Indian rupee ends flat after hitting two-week low, oil and RBI remain key
MUMBAI: The Indian rupee rebounded after hitting its weakest level in two weeks and ended nearly unchanged on Thursday, as likely intervention by the central bank and softer oil prices offset dollar demand, traders said. The Indian rupee ended at 95.26 against the dollar, barely changed from its close at 95.22 in the previous session. It had declined to its weakest level since October 12 earlier in the session, pressured by clustered dollar demand at the Reserve Bank of India’s daily reference rate alongside a pickup in interbank appetite to take on short rupee wagers. Likely intervention by t...
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