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Rupee flat, wedged between month-end dollar bids and likely RBI intervention

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The Indian rupee was little changed on Thursday, as likely intervention by the Reserve Bank of India supported the currency amid pressure from dollar bids by importers and foreign banks.

The rupee was at 84.4625 against the U.S. dollar at 11:20 a.m. IST, compared to its previous close of 84.4525.

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