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Rupee ends nearly flat as oil moves, RBI caps dominate trading

Original: Rupee ends nearly flat as traders remain glued to oil moves, RBI caps fall

The Indian rupee closed nearly unchanged against the dollar, with currency traders focused on fluctuations in global oil prices and capital flow limits set by the Reserve Bank of India, Reuters reported. Oil price swings remain a key driver for the currency, since India is a major crude importer, and moves in RBI-imposed caps are shaping trading sentiment.

Why now: Traders and markets are reacting to the rupee's flat close amid volatile oil prices and central bank cap changes.

Indian rupeeReserve Bank of IndiaIndiaReuters

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• Rupee ends nearly flat as traders remain glued to oil moves, RBI caps fall · Reuters

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