The rupee closed at 86.1475, down from its previous close of 86.0750, and 0.4% lower from a week earlier.
India’s benchmark equity index the Nifty 50, fell 0.7% this week, even as MSCI’s gauge of regional stocks excluding Japan was 0.8% higher.
In the near-term, the rupee is “likely to hover closer to 86.50 than 85.50,” a trader at a large private bank said.
Corporate dollar…
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