Rupee's RBI-led move past 90 may face reversal

The Indian rupee is likely to struggle to sustain its move past the 90-per-dollar mark on Thursday, pressured by a strong dollar and rising hedging demand. The one-month non-deliverable forward indicated the rupee may open in the 89.92-89.96 range against the US dollar, after advancing 0.3% to 89.88 on Wednesday.

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