RBI intervenes as rupee hovers near 96 ahead of Fed decision

RBI intervenes as rupee hovers near 96 ahead of Fed decision — The Indian rupee remained near 96 per USD after active RBI intervention to stabilize volatility. Market focus shifts to the upcoming U.S. Federal Reserve rate decision, which could influence capital flows. A weaker rupee may pressure import-heavy sectors while boosting IT and pharma earnings.

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