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Indian rupee ends little changed as traders stay cautious despite oil, dollar drop
MUMBAI: The Indian rupee closed nearly flat on Monday, giving up early gains despite lower oil prices and a weaker dollar, as traders stayed cautious ahead of Tuesday’s US midterm elections. The Indian rupee closed at 94.90 per dollar, little changed from its close at 94.95 in the previous session. Brent crude oil prices slid over 4% to $108.3 per barrel, the lowest since October 21, on hopes for a deal to end the Iran war. Iranian negotiators left peace talks in Doha on Sunday. A draft proposal is being circulated for feedback and a follow-up meeting is possible, an official briefed on talks ...
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