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Reliance Securities Report
The Indian rupee ended little changed against the dollar this Tuesday as suspected central bank intervention in the spot market offset the impact of positive regional cues and persistent greenback inflows.
The rupee was quoted at 74.32 to the dollar at 2:00 p.m., compared with 74.31 on Monday.
In early trades, the rupee had risen to 74.18, the highest since March 18, but gave up gains to fall to an intraday low of 74.52.
The benchmark S&P BSE Sensex and the broader Nifty 50 index ended 0.12% and 0.05% higher, tracking gains in most regional peers on renewed optimism over a U.S.-China trade deal and potential coronavirus treatment.
The U.S. dollar edged lower on Tuesday as investors waited on comments from Federal Reserve Chairman Jerome Powell on Thursday about the U.S. central bank's policy framework review and weak consumer confidence data.
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