Wednesday, June 23, 2021
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Rupee Flat; Asian Currencies Hit as Dollar Rallies

The partially convertible rupee was trading at 61.89 compared with Tuesday’s close of 61.88/89.

Traders say strong dollar hurts Asian currencies, many of which are at multi-year lows. However sentiment is buoyant after RBI said it could ease monetary policy early next year.

Traders say confidence about local economy is supporting rupee even as other Asian currencies take a hit.

Nifty was trading almost flat.

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