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Rupee Closes Nearly Flat at 89.23 as Dollar Firms

Softer crude helped keep the currency in a tight range.

Overview

  • The currency moved between 89.17 and 89.28 through the session before settling at 89.23.
  • The Sensex jumped 1,022.50 points to 85,609.51, while the Nifty rose 320.50 to 26,205.30.
  • Brent crude futures eased 0.13% to USD 62.40 per barrel.
  • The dollar index edged up 0.12% to 99.70, signaling a firmer greenback.
  • An analyst expects a slight positive bias ahead with USD–INR likely to trade in the Rs 89–89.50 range.