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Reliance Securities Report
The Indian rupee ended flat against the dollar in a choppy trading session, as a broad dollar decline offset losses from a pullback in U.S. equity futures and regional stocks.
The rupee ended at 74.86 compared with 74.84 close on Wednesday.
The BSE Sensex fell 1.3%, the first time in four sessions, amid a pullback in U.S. equity futures and weighed on domestic unit.
Investors will now look to cues from India's Monetary Policy Committee which is due to meet Feb 7-9.
Most traders now believe that the central bank is widely expected to raise the reverse repo rate after having maintained a status quo for almost two years amid concerns of inflation.
The U.S. dollar fell for a third straight session on Thursday, after the Euro surged higher after comments from European Central Bank President Christine Lagarde fuelled expectations of faster policy tightening, as she focused on the prospect of euro zone inflation overshooting.
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