The rupee closed at 86.6650 against the U.S. dollar, 0.2% down from its close of 86.5150 in the previous session.
While the rupee was trading marginally stronger in the first half of the session, it reversed course in the latter half as the dollar index rose. Asian currencies were a tad lower on the day, with the offshore Chinese yuan down by 0.1%.
The rupee is “only reacting to flows” over recent sessions, and has found some support above 86.60, a trader at a state-run bank said, pointing to price action…
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