Rupee flat ahead of US jobs data; RBI intervention noted
The Indian rupee held in a tight range after initial gains supported by suspected RBI intervention. Traders await the US nonfarm payrolls data for clues on Fed rate trajectory. A dovish US outlook could ease pressure on the rupee. Volatility expected to remain subdued until key data release.
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This brief is AI-generated from public news sources for informational purposes only. Not investment advice. Always consult a SEBI-registered advisor before trading.