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Thursday April 18, 2024

Rupee flat

By our correspondents
May 23, 2017

The rupee showed a stable trend against the dollar on Monday despite mounting pressure on foreign exchange reserves, traders said. The rupee closed at 104.86 to the dollar as compared to the previous closing of 104.85 in the interbank market. Traders said the central bank has maintained the rupee / dollar parity at 104.80/86 since last year. However, forex reserves continued to decline.