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Rupee Steady Despite Positive Risk Mood and Strong US Jobs Report

  • Fed rate hike expected to be on pause at June meeting as markets see inflation slowing
  • Indian rupee held flat with RBI intervention amid dollar inflows and rise in forex reserves
  • Investors see dollar strength easing with focus on inflation data from US and India this week
  • Strong US jobs growth in April along with drop in unemployment boost risk appetite globally
  • Rupee seen opening slightly higher but ended little changed on likely RBI dollar buying
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